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Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
The project schedule is a calendar that links the tasks to be done with the resources that will do them. It is the core of the project plan used to show the organization how the work will be done, commit people to the project, determine resource needs, and used as a kind of checklist to make sure that every task necessary is performed.
Time tracking ensures work is conducted in accordance with established standards and guidelines for projects that have regulatory or compliance requirements that mandate time tracking.
See the template's documentation for details on its use. A member of the Guild of Copy Editors reviewed a version of this article for copy editing. However, a major copy edit was inappropriate at that time because of the issues specified below, or the other tags now found on this article.
The value of work done (VOWD) is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progressed, regardless of whether or not they have been paid for or received.
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