Importance of Cost & Schedule Integration

Projects are increasing in scope and complexity. How do we accurately predict and report on the success of a project and still have time to actually manage it? Integrating your cost and schedule is a start! In this presentation, we will discuss the power of integrated cost and schedule and the benefits of a time-phased budget vs a cost loaded schedule. We will discuss how technology can support organizations in cost and schedule integration as well as the impacts of integrated project data on a project's overall health and success.

Primary Discussion Topics:

• Critical path methodology vs. earned value methodology
• Time-phased budgets compared and contrasted with cost-loaded schedules
• Benefits of integrated project estimate, schedule, and cost data
• Integrated project coding structures

Learning Objectives:

• Define cost-loaded schedule and time-phased budget methods
• List the advantages and disadvantages of each method
• Explain the importance of integrating both cost and schedule
• How technology can support organizations in cost and schedule integration

Benefits for Participants:

• Understanding the impacts of integrated project data on a project's overall health and success
• How project management practices and processes affect the overall project
• Pros and cons of a time-phased budget and cost-loaded schedule
• Steps needed to integrate project cost and schedule data

AACE is pleased to offer this webinar which is generously sponsored by ARES PRISM.

Presenter:

Russ Stevens

Senior Solutions Analyst; ARES PRISM

Host:

H. Lance Stephenson, CCP FAACE

Date/Time:

Wednesday, February 10, 2021 / 1:00 PM ET

CEUs:

0.1 CEUs