2.6.1 master schedule includes all the control accounts

2.6.1        An Integrated Baseline Review is not:

·        
An
IBR is not an audit.

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·        
Not a
checklist.

·        
Not a
demonstration of Earned Value Compliance.

·        
Not a
pass/fail test.

·        
Not a
redirection of scope

 

2.6.2       The Objective of the IBR

The
objective of the IBR is to confirm compliance with the following:

·        
All
the control accounts are identified complete with their scope, schedule, and
budgets.

·        
The
master schedule includes all the control accounts in line with the Integrated
Work Breakdown Structure.

·        
The
key schedule milestones are identified and reflect a logical sequence.

·        
Adequate
resources are available.

·        
Tasks
can be objectively measured, e.g. measurable quantities.

·        
Management
processes support successful execution of the project.

·        
Ensure
integration of the scope, schedule, budget/costs, and engineering, procurement,
and construction risks at control account level.

·        
Agreement
of the master schedule.

·        
Agreement
of the performance measurement baseline, i.e. the time-phased monetary value of
the work to be performed.

·        
Verify
the realism of the Performance Measurement Baseline (PMB).

·        
Sign-off
by the main role players (and stake holders if applicable) of the Integrated
Work Breakdown Structure, master schedule, and performance measurement
baseline, i.e. for scope, schedule, costs, and engineering, procurement, and
construction risks has been established and agreed.

 

2.6.3       Review Control Accounts

During
an Integrated Baseline Review (IBR) the scope, schedule, costs, and risks (i.e.
engineering, procurement, and construction risks) are evaluated at Control
Account Level (CA) by the appropriate Project Team members.

See a
typical Integrated WBS, Master Schedule, and PMB (below) complete with control
accounts. The structure is used as a basis to agree control accounts, Master
Schedule, and ultimately verifying the realism of the Performance Measurement
Baseline (PMB).