Effective Measurement in Project Cost and Schedule Control

Wang Liwen

Volume 24 Issue 3

Mar. 1998

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Journal of Beijing University of Aeronautics and Astronautics > 1998 > 24(3): 336-338.

Wang Liwen. Effective Measurement in Project Cost and Schedule Control[J]. Journal of Beijing University of Aeronautics and Astronautics, 1998, 24(3): 336-338. (in Chinese)

Citation:

Wang Liwen. Effective Measurement in Project Cost and Schedule Control[J]. Journal of Beijing University of Aeronautics and Astronautics, 1998, 24(3): 336-338. (in Chinese)

Wang Liwen. Effective Measurement in Project Cost and Schedule Control[J]. Journal of Beijing University of Aeronautics and Astronautics, 1998, 24(3): 336-338. (in Chinese)

Citation:

Wang Liwen. Effective Measurement in Project Cost and Schedule Control[J]. Journal of Beijing University of Aeronautics and Astronautics, 1998, 24(3): 336-338. (in Chinese)

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Effective Measurement in Project Cost and Schedule Control

Wang Liwen

Beijing University of Aeronautics and Astronautics,School of Management

Received Date: 11 Dec 1997
Publish Date: 31 Mar 1998

Abstract

Abstract

Earned Value is the most important measurement in the project cost and schedule control. This paper describes the concept and methods of earned value,and its application in the project cost and schedule control. Then, this paper tells how to forecast the likely cost to complete the project,and intruduces the concept of S-curve. Using S-curve, it's easy to present that whether the project is under-or overspent as it progress, and if the project is ahead or behind schedule. At last,this paper describes the difference between the baseline complete cost and the budget. The baseline complete cost is one of the measurement of project control, while the budget is the expected cost which the owner of the project wants to pay. The difference between the two is the contingency.
- control,
- planning,
- base line,
- project management,
- earned value,
- WBS

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References(1)

References

1 .王立文,潘文彦,杨建平.现代项目管理基础.北京:北京航空航天大学出版社,1997.99~113 2. Turner J Rodney.The Handbook of project-based management.London:McGraw-Hill book company,1993.197~203 3. 阿诺德 M 罗斯金,埃斯特斯 W 尤金.工程师应知:工程项目管理.唐齐千译.北京:机械工业出版社,1987

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