15.0 Introduction 565
15.1 Understanding Control 569
15.2 The Operating Cycle 572
15.3 Cost Account Codes 573
15.4 Budgets 580
15.5 Variance and Earned Value 580
15.6 Recording Material Costs Using Earned Value Measurement 598
15.7 The Material Accounting Criterion 601
15.8 Material Variances: Price and Usage 602
15.9 Summary Variances 603
15.10 Status Reporting 604
15.11 Cost Control Problems 610
Problems 612 Case Study
The Bathtub Period 623
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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.