Please describe how the WBS helps to create a budget for the project, and why it is important to have a budget and schedule baselines to track the progress of the project. Is it better to track the schedule variance, cost variance, or the actual value of work completed? What might you do if you see costs trending higher than anticipated on one of your projects. How can you use the WBS and schedule to measure progress if you are not tracking staff costs?
Were there particular items you found difficult or fascinating when you worked on the costed project plan assignment?