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SCHEDULE CONTROL is performed by determining the current status of the project schedule and including updates about its changes. With this information, schedule control governs factors influencing changes that impact the schedule, and also formal schedule changes. PMP PDU courses will cover this topic with sufficient examples to demonstrate learning objectives. TIME MANAGEMENT SCHEDULE CONTROL is the task of controlling project schedule changes. Planning performed by the project management pmp team precedes the time management process, which produces a SCHEDULE MANAGEMENT PLAN. THE SCHEDULE MANAGEMENT PLAN is intended to establish criteria and a format for developing and controlling the project schedule. Task 2: Manage Changes to Project Scope—Control Costs COST CONTROL involves influencing factors that create cost variances and control changes to the project budget. Specifically, cost control influences factors that: create changes to the cost baseline manage changes when they occur assure potential changes do not exceed authorized funding monitor cost performance for variances from the cost baseline record, prevent, and inform about cost baseline variances COST CONTROL INPUTS the project manager uses in the cost control process include: the cost baseline project funding requirements Cost control procedures Cost control tools and reporting the project management plan work performance information Useful work performance information the project manager uses to control costs includes, but is not limited to: completed and incomplete deliverables authorized and incurred costs estimates to complete the schedule activities the percent of project completion TOOLS & TECHNIQUES USED TO CONTROL COSTS: Project cost control may be effectively implemented when: The cost summary is divided into work packages The cost summary is estimated Cost data is acted upon Cost commitment reports are made for technical decision-makers Team members are appropriately assigned to resolve problems or develop opportunities. BUDGETING AND SCHEDULING SYSTEM VARIANCES should be compared together because: the cost variance compares only deviations from the budget and does not include a measured comparison between work scheduled and work accomplished the scheduling variance only compares planned and actual performance, and does not include costs. THE COST CHANGE CONTROL SYSTEM defines how costs are documented, tracked, controlled, changed, and approved. Earning PMP PDU online through courses will include this topic. PERFORMANCE MEASUREMENT TECHNIQUES help assess the degree of variances that occur. Key values are developed for each activity using cost value and variance methods. Both PMP PDU courses and PMP PDU online courses will include infomration related to these topics. THE PLANNED VALUE (PV) is that portion of the approved total cost estimate to be spent on an activity during a given period. For getting more information about project management pmp and PMP PDU courses Please Visit- pmeducate.com .
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