1. 1- WORK PERFORMANCE INFORMATION  

Work performance information includes information on how the project work is performing compared to the cost baseline.

Variances in the work performed and the cost of the work are evaluated at the work package level and control account level.

For projects using earned value analysis, CV, CPI, EAC, VAC, and TCPI are documented for inclusion in work performance reports.  

  1. 2- COST FORECASTS  

Either a calculated EAC value or a bottom-up EAC value is documented and communicated to stakeholders.  

  1. 3- CHANGE REQUESTS  

Analysis of project performance may result in a change request to the cost and schedule baselines or other components of the project management plan.

Change requests are processed for review and disposition through the Perform Integrated Change Control process.  

  1. 4- PROJECT MANAGEMENT PLAN UPDATES  

Any change to the project management plan goes through the organization's change control process via a change request.

Components that may require a change request for the project management plan include but are not limited to:  

  • * Cost management plan.

  •  Changes to the cost management plan, such as changes to control thresholds or

  • specified levels of accuracy required in managing the project's cost, are incorporated in response to feedback from relevant stakeholders.  

  • * Cost baseline.

  •  Changes to the cost baseline are incorporated in response to approved changes in scope, resources, or cost estimates  

  • * Performance measurement baseline.

  •  Changes to the performance measurement baseline are incorporated

  • in response to approved changes in scope, schedule performance, or cost estimates.  

  1. 5- PROJECT DOCUMENTS UPDATES  

Project documents that may be updated as a result of carrying out this process include but are not limited to:  

  • * Assumption log.

  •  Cost performance may indicate the need to revise assumptions on resource productivity and other factors influencing cost performance.  

  • * Basis of estimates. 

  • Cost performance may indicate the need to revisit the original basis of estimates.  

  • * Cost estimates.

  •  Cost estimates may need to be updated to reflect the actual cost efficiency for the project.  

  • * Lessons learned register. 

  • The lessons learned register can be updated with techniques that were effective in

  • maintaining the budget, variance analysis, earned value analysis, forecasting, and corrective actions that were used to respond to cost variances.  

  • * Risk register.

  •  The risk register may be updated if the cost variances have crossed, or are likely to cross, the cost threshold.