What is the basic line of power measurement?
The basic line measurement line is a budget plan that is used to measure the performance of the contract. It is a primary component of the value management, it is a financial tool used to evaluate the productivity of the supplier. The basic line measurement line sets out the time line of the contract against which the contract is evaluated to generate metrics.
In this model, each contract includes budget goals, project scope and performance plan. Depending on the nature of the project and the customer's sophistication, the management of this process could be included in the contract. This budget and project management model is most often used in large projects that last for several years. The use of accepted performance management methodology eliminates arguments regarding the tool used.
This methodology is part of the principle of the total budget (Tab), which is used in a profitable value budget. CARD SHEETED BUDGE FOR THE FULL AGREEMENT.Depending on the management of the organization, this is usually the value that is submitted to the financing and approval of the project. The card is the total value of the contract and is used as a basic budget line.
A small percentage of the card is earmarked as an administrative reserve or standby fund. The rest of the budget is the basic line measurement line, which has three elements: the unattended budget, the planning level and the control account. These elements change over time when the project works at different stages.
Uncontched budget is the holding category that is used as the highest level account for each project. The values in this account are quickly moved to summary and check -ups based on the approved project plan. The summary account holds the budget on the project phase that does not have a start. Once a detailed plan of the project is created and has started work, a suitable value is moved to a controllingt.
Each project has multiple control accounts because they are created for every milestone in the project. The costs are assigned against this budget in real time and are used to measure the efficiency of the project. Depending on the contract, some clients require a copy of the check and summary accounts at regular intervals. These tools can be used to verify the resources of the assigned project and the contribution of time.
The basic part of the base measurement line is to use concepts of change control. Any required changes or modifications are submitted on the order order. This process is used to manage changes that is outside the original budget. Further resources are required for each change and the performance is not included in the overall basic line measurement line.