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What is Project Cost Management Metrics Explained about?

This document discusses project performance measurement and key metrics. It defines terms like budget at completion (BAC), planned value (PV), actual cost (AC), and earned value (EV). An example project is provided where the team has spent Rs 600,000 after 5 months to complete 4 rooms of a 10 room, 10 month project with a Rs 1,000,000 budget. Based on this, the PV is Rs 500,000, the AC is Rs 600,000 and the EV is Rs 400,000. Variances and performance indexes like SPI and CPI are defined to measure schedule

Author

Salman Ejaz

Language

EN