Civil Engineering Reference
In-Depth Information
Table 3.1
Example of an Operational Measurement
Source
Material
Success
Criteria
Measure
Defi nition
Metric
Objectives
Enablers
COST
Composition
of forecast
outturn cost
(FOTC)
against
agreed
budget
Index
based on
FOTC
divided by
budget
To ensure
the outturn
cost is
managed
within
budget
Agreed
budget
and cost
reporting
system
1. Agree budget
2. Agree earned
value analysis
method
3. Establish cost
management
system
Pragmatic
system to
accurately
monitor
costs
against the
budget
Budget
Compliance
