The project resource schedule is important because it serves as your time baseline,
which is used for measuring time differences between plan and actual. The
resource schedule serves as the basis for developing your time-phased project cost
budget baseline. The baseline (planned value, PV) is the sum of the cost accounts,
and each cost account is the sum of the work packages in the cost account. Remember,
if your budgeted costs are not time-phased, you really have no reliable
way to measure performance. Although there are several types of project costs, the
cost baseline is usually limited to direct costs (such as labor, materials, equipment)
that are under the control of the project manager; other indirect costs can be added
to project costs separately.
The project resource schedule is important because it serves as your time baseline,
which is used for measuring time differences between plan and actual. The
resource schedule serves as the basis for developing your time-phased project cost
budget baseline. The baseline (planned value, PV) is the sum of the cost accounts,
and each cost account is the sum of the work packages in the cost account. Remember,
if your budgeted costs are not time-phased, you really have no reliable
way to measure performance. Although there are several types of project costs, the
cost baseline is usually limited to direct costs (such as labor, materials, equipment)
that are under the control of the project manager; other indirect costs can be added
to project costs separately.
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