Execution Phase - 2
PCM in an Execution Design stage
- Is also conducted on two levels
- Level 1: Actual costs collected for the current stage work
- And tracked against this stage's budget
- Level 2: Periodic updates of the estimate for production work
- Up to the time of arriving at a "Pre-tender estimate"
- If the work is to be done under contract
- Or, pre-project production work
- If the work is being done internally