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Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
Cost management plan; Procurement management plan; Project scope management plan; Schedule management plan; Quality management plan; Risk management plan; HR or staffing management plan; Resource calendar: Identify key resources needed for the project and their times and durations of need. Cost baseline: This section includes the budgeted total ...
Budgeted cost of work performed (BCWP) also called earned value (EV), is the budgeted cost of work that has actually been performed in carrying out a scheduled task during a specific time period. [1] The BCWP is the sum of the budgets for completed work packages and completed portions of open work packages, plus the applicable portion of the ...
FastTrack Schedule is a Project Management Software app (PMS) for Mac and Windows. It helps teams plan, track, analyze, organize, manage resources, develop resource estimates, and report their projects. [2] It can manage planning, scheduling, cost control, budget management, resource allocation, and Project Portfolio Management (PPM).
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Project Cost Management (PCM) is the dimension of project management which aims to ensure that a project is completed within its approved budget. [1] [2] It encompasses several specific project management activities including estimating, job controls, field data collection, scheduling, accounting and design, and uses technology to measure cost and productivity through the full life-cycle of ...
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