ACHIEVED VALUE METHOD OF PROJECT STATUS REPORTING

Many cost reports do not accurately forecast final costs because they do not reconcile the cost committed to date for the work accomplished against the amount budgeted to accomplish that work. How accurate can a forecast of cost to complete a project be, if a mechanism to evaluate the cost of work achieved to date does not exist? The article proposes a simplified solution adaptable to most projects. The achieved value method integrates the budget, costs to date, and project progress to allow managers to evaluate their projects.

  • Corporate Authors:

    Research Service, Incorporated

    Masonic Building
    Dover, NH  USA  03820
  • Authors:
    • LEACH, R P
  • Publication Date: 1980

Media Info

  • Pagination: p. 201
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00324754
  • Record Type: Publication
  • Source Agency: British Ship Research Association
  • Files: TRIS
  • Created Date: Mar 12 1981 12:00AM