The expenditure of funds should be reconciled with the funding limits that are set by the customer or performing organization on the commitment of funds for the project. A variance between the funding limits and the expenditures will sometimes necessitate the rescheduling of work to level out the load of required expenditures, which is accomplished by placing imposed date constraints for some work packages, schedule milestones, or WBS components into the project schedule. Rescheduling can impact the allocation of resources. The final product of these planning iterations will be a cost performance baseline.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.