Question: Why is a Performance Measurement Baseline setup? What is the management reserve used for? How can work packages be used to control long duration projects

  • Why is a Performance Measurement Baseline setup?
  • What is the management reserve used for?
  • How can work packages be used to control long duration projects since we don't have details of the work that will need to be performed in the future?
  • What can a project manager do to enable the reporting of the labor charges accurately?
  • Why does a project manager need to collect Actual costs?
  • What is the difference between the management requirements for project costing and financial accounting. What are the different reports required.

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