Basic information

Present: Thijs Wijnands, Sylvie Prodon, Anna Scrull, Paula Martinez Urios, Renata Martins

Chair: Thijs Wijnands

Minutes: Jenni Kaipainen

Time: 15:30-17:00

Date:  26^th of September

Agenda & Minutes

The purpose was to go through Thijs' presentation and discuss & comment its contents. So more of verifying and not bringin new points of view to the discussions.

Discussions

• CERN projects, departmental projects,
• Cost estimation
• detailed vs more global
• success criteria for a project; close to perfect budgets, scope and cost
• discounting
  • "we don't do that in CERN" --> a lot of discussion and in the end, decided to drop it from the framework and leave time value of money out of it
• costs are estimated differently in companies because they have a sales price in the end
• function/ activity based methods

• progress monitoring
  • EVM Earned value management
  • ESM Earned schedule management --> out, too advanced
  • total expense
  • committed vs cost to completion
  • committed vs. paid
  • EDH is limiting functions
  • paid vs cost to completition
  • Nbr of milestones made Nbr of milestones
  • candle bars
  • fever charts for critical chain
  • Nbr tasks completed
  • critical path monitoring

Next steps

• Sylvie sends comments on the slides because they have some errors, Renata and Paula would like to as well
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