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Is it true that the WBS can be used to track contractor performance in terms of only cost against an established baseline?
SuzanneMichalski
No, this is NOT true.
Wiki User
∙ 11y ago
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What is the budget review process?
it is an evaluation process. it compares the actual performance of the business against the projected performance of the business.
How a budget can be controlled?
Regular monitoring against the agreed budget, compliant to the spending and income streams and reviews of under performance
What is strategic audit?
Strategic audits are examinations and evaluations of strategic management processes including measuring corporate performance against the corporate strategy. Whenever a deficiency is noted or performance of an organization is sub-par, the organization may elect to perform a strategic audit. This may be done with in-house auditors, or an audit firm may be contracted to perform the audit. The auditors will audit performance of the organization against the current corporate strategy and seek to identify problems within the current strategy that may be tied or can be traced to poor performance. Upon completion of the audit, a report will be created regarding the auditing firm or group’s findings and submit the report with recommended remedies to the management of the organization. The organization will then seek to implement the proposed remedies with hopes of increasing organizational performance.
Why are control accounts essential in a work breakdown structure or WBS?
They enable project managers to compare earned value against the project's performance in terms of scope, budget, and schedule
Take a sample budget of retail store and write your understanding the store budget?
Methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and a continuous monitoring and adjustment of performance against them. = =
Earned value management (EVM) reports are available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline?
false
Earned value management (EVM) reports are available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?
false
Are the Earned value management (EVM) reports available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?
false
Difference between performance baseline and benchmark?
baseline basis for comparison; a reference point against which other things canbe evaluated benchmark Standard by which something can be measured or judged:
Does general contractors insurance cover against contractor not finishing a job?
Nope. What you are asking about is called a "performance bond".
What is project performance monitoring?
Project performance is measured by comparing the project execution to the performance measurement baseline, which is an approved integrated plan for scope, schedule, and cost for the project, as explained here:• Cost baseline - This is the planned budget for the project over a time period, used as a basis against which to measure, monitor, and control the cost performance of the project. The cost performance is measured by comparing the actual cost to the planned cost over a time period.• Schedule baseline - This is a specific version of the project schedule developed from the schedule network analysis and the schedule model data. This is the approved version of the schedule with a start date and an end date, and it is used as a basis against which the project schedule performance is measured.• Scope baseline - This is the approved project scope that includes the approved project scope statement, the WBS based on the approved project scope statement, and the corresponding WBS dictionary.
What is project monitoring?
Project performance is measured by comparing the project execution to the performance measurement baseline, which is an approved integrated plan for scope, schedule, and cost for the project, as explained here:• Cost baseline - This is the planned budget for the project over a time period, used as a basis against which to measure, monitor, and control the cost performance of the project. The cost performance is measured by comparing the actual cost to the planned cost over a time period.• Schedule baseline - This is a specific version of the project schedule developed from the schedule network analysis and the schedule model data. This is the approved version of the schedule with a start date and an end date, and it is used as a basis against which the project schedule performance is measured.• Scope baseline - This is the approved project scope that includes the approved project scope statement, the WBS based on the approved project scope statement, and the corresponding WBS dictionary.
If you carry a ghost policy as a sub can you still file against the contractor?
No, you cannot file against the contractor if you carry a ghost policy as a sub. The only way to file against the contractor is via a worker's compensation claim.
Can a contractor lien the property and my vehicle?
Yes and no. The contractor can file a lien against your house for non-payment. Even if you honestly don't owe the contractor any money, he may still lien your house; he will eventually have to prove the lien's validity in court or it is automatically released. No lien can be filed against your car. However, if the contractor gets a judgment against you, that judgment may be executed against your car and home to secure payment.
How are a workflow an artifact and a baseline related?
A workflow defines a sequence of tasks and activities for completing a project, while an artifact is a product or deliverable created during the project. A baseline is a reference point used to track changes and measure progress in a project. Workflows can be used to create artifacts, and baselines can be established at different stages of the workflow to track progress against the original plan.
Can you file a claim against employer if you are an independent contractor?
Yes.
What is the difference between security deposit and performance guarantee?
Security Deposit is the amount kept by the customer towards the guarantee against completion of a contract.;where as performance guarantee is the guarantee given by the contractor towards performance quality of the executed job/supplied product.Thus requirement of security deposit ends with complete execution of the contract whereas Performance guarantee holds till the period of warranty/defectliabilityis over.
