Comment

• The project's forecast final cost is made up of

  • The cost of all work to date
  • Plus the estimated cost of all work still to be done
  • Including all applicable overheads, on-costs, carrying charges on borrowed capital, etc.

    • See Issacon #1047

• The approved budget is the reference baseline

  • I.e. the Project Charter Budget
  • As amended by approved Scope Changes

    • See Issacons #1046 & #1051

Previous slide

Next slide

Back to first slide

View graphic version