Questions

Project managers or the organization can divide projects into phases to provide better management control with appropriate links to the ongoing operations of the performing organization. Collectively, these phases are known as the project life cycle.

I. Inputs

• Schedule management plan


• Schedule baseline


• Performance reports


• Approved change requests

II. Tools and Techniques

• Progress reporting


• Schedule change control system


• Performance measurement


• Project management software


• Variance analysis


• Schedule comparision bar charts

III. Outputs

• Schedule model data (updates)


• Schedule baseline (updates)


• Performance measurements


• Requested changes


• Recommended corrective actions


• Organizational process assets (updates)


• Activity list (updates)


• Activity attributes (updates)


• Project management plan (updates)

Something that saves your money is cost-effective and is also called as economical.