Keys to Success

Improve your project management with specific initiatives to achieve better project control.

The following figure shows optimal project management.

These initiatives are described in the following table.

Initiative	Principle	Why?
Baseline	Include a baseline budget	All projects should include a baseline budget. A baseline budget shows your estimate at the time of contracting.
Actual	Track cost control against baseline	Project Control is about controlling the actual cost against the set baseline.
ETC	Project upcoming costs using ETC	Focus on estimate to completion (ETC).The addition of actual costs and ETC provides you with a total view of what your costs will be when you are done, which you can then compare to your baseline.
New Estimate	Proactive change management	ETC provides the foundation for change management and readily adapting to an evolved scope.

The PSO solution is targeted at addressing these key tasks of a Project Manager.