Management Reserve (MR) is an amount of the contract budget set aside by the project manager at the beginning of a project. The sum of the Performance Measurement Baseline (PMB) and MR equals the Contract Budget Base (CBB). By definition, Management Reserve does not have a specific scope of work […]
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The Project Control Manager facilitates all EVM Project activities and provides the liaison between the project management team and the finance team. The manager works with the CAMs to manage day-to-day operations of the EVMS. Typically, this includes statusing work, scope, reporting variance, and developing Corrective Action Plans. Next to
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The Responsibility Assignment Matrix (RAM) is a graphic representation that reflects the integration of project participants such as work teams, subcontractors, and internal organizations with individual Contract Work Breakdown Structure (CWBS) elements to form Control Accounts (CA). The RAM shows the WBS on one axis and the Organizational Breakdown
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