Budget Analysis of Direct Costs of the Project on the Basis of Earned Value Management
Journal Title: Бізнес Інформ - Year 2014, Vol 6, Issue 0
Abstract
Control mechanism based on budgeting is formed during the evolution of the enterprise is constantly changing and requires certain modifications and clarifications depending on the direction of a business or the main activity of an organization. Specificity of the main activity of a shipbuilding enterprise dictates the order of formation of the consolidated budget in the context of projects. Project budgets themselves are altered by increasing or decreasing the duration and scope of work in the initial stages and during their implementation, which complicates the analysis and control of project costs. The article analyzes the essence of the concept of earned value method, and proposes the use of this method for the analysis and control of the budget direct costs of shipbuilding enterprise. An example of the analysis of the direct costs of the project budget and calculations of the main indicators of earned value during project implementation in the context of the construction of a hull was given.
Authors and Affiliations
Artem Pichka
Keywords
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