Then, provide feedback to your peers, trying to improve upon their CAP developments.

Respond to the two statements below with the information above.

First statement:

CAP (control account plan) is the process that track performance for EVM on a project. Control Account Plan includes creating a detailed scope, plan, and schedule, authorizing any necessary resources. CAP Explains the process from beginning to end. I currently work in the supply chain industry. I do not deal with CAP related issues, but I am in the meeting to discuss how the project is going. It takes a lot planning dealing with customer and delivery.

Second statement:

The CAP is crucial to the preparatory stage of project development since it allows for the proper measurement of the progress of the project and serves as a foundation for generating EVM. With three of my closest friends being pregnant and due literally three days apart, I decided to dedicate my discussion to them.

My theoretical example of usingCAP is organizing a baby shower. In this case let's say the god mother is in charge of everything. She would oversee the project (baby shower)and be needed to list the essential components needed. These components could consist of the size of the party, venue size, decorator, and caterer. Securing a venue, a decorator, and a caterer who can accomplish all of the baby shower's specifications on time and within the projected budget would be contributing variables. In this case, the budget would be an outline by parents to be, and it is crucial that a control account plan be established throughout the planning stage so that it adheres to the budget.