Accurate performance assessment is the cornerstone of an integrated project management system. This means that reports on tasks partially or wholly complete from task managers are accurate estimates from those doing the work. A culture of honesty and integrity in the organization and the district itself creates the standard for accurate reporting, with a premium on "bad news going up."
Actual costs are captured by a time sheet and purchase requisition process that is project based, with project codes linked to a generic WBS-coding system. Thus, actual cost variance is continually calculated based on costs incurred.
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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.