Working with the Cost Baseline

The cost baseline, as shown in Figure 7-3, is actually a time-lapse exposure of when the project's monies are to be spent in relation to cumulative values of the work completed in the project. Most baselines are shown as an S-curve, where the project begins in the left and works its way to the upper-right corner. When the project begins, it's not worth much and usually not much has been spent. As the project moves towards completion, the monies for labor, materials, and other resources are consumed in relation to the

Project Management Made Easy

Project Management Made Easy

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.

Get My Free Ebook

Post a comment