with 5 Principles and Practices in place, 5 processes are needed to execute any project

1. ! Define Work Breakdown
Structure(WBS).
! Identify Organizational
Breakdown Structure (OBS).
! Integrate WBS and OBS.
! Schedule work.
! Identify Products and
Milestones.
! Set time phased budget.
! Record direct costs.
! Determine variances.
! Sum Data and variances.
! Manage action plans.
Performance Analysis
! Incorporate Changes.
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† These 11 processes are a subset of the 32 Guideline of ANSI–748-C Earned Value Management.
While not all projects can make use ANSI EVM, these process are the basis of all project management success.
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