Integrated cost and schedule control

Many British companies have been showing a growing interest in improving their project management performance. In particular they have been wanting to increase the likeliho od of completing their projects to predetermined time and cost targets. This has been necessary because over the last decade a wide range of industries has witnessed significant changes in customer attitude and expectations. Principally these changes are the replacement of cost plus by fixed price contracting, narrower profit margins and increasing competition. To meet these demanding requirements an increasing number of these organisations have adopted integrated cost and schedule control (C/SC) to assist in the achievement of these project management improvements. This paper outlines a recommended process for establishing and maintaining cost and schedule control of a project through the use of an earned value based performance measurement system