O'Reilly logo

Project Scheduling and Cost Control by James Taylor

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

MONITORING AND CONTROL

Earned value management has been in use as a means for measuring—that is, monitoring and controlling—project progress since 1968. Prior to that time, tracking project progress essentially consisted of monitoring the actual cost against the budget and the actual schedule against the estimate, but no method was available that assessed the combined impacts of costs and schedule. Nor were there any standards for analyzing and reporting these data until the Department of Defense (DOD) developed instructions to its contractors for:

Developing work breakdown structures

Developing certain key planning elements such as baselines ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required