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PROJ 586 Week 4 Discussion; Cost Planning and Earned Value Analysis

Course: PROJ 586 Project Management Systems Institution: DeVry Contributor: Mike Hesson Format: DOCX/PPTX Pages: 2

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WEEK 4: COST PLANNING AND EARNED VALUE ANALYSIS Cost planning starts with the proposal for the project, at which time project costs are estimated. For budgeting purposes, it is best to keep the work packages or activities small in terms of scope and duration. Once your budget is planned and allocated across your work packages, it is critical to monitor and control your project's cost.  What are some of the ways that a project manager can take these budgeting plans and track and compare them to actual data?  What are some key components to monitor the health of the project, as it relates to e

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