You make a great point - in the video I draw similarities between a balance sheet and a CVR. However, I can understand why you thought I meant P&L. In fact, the CVR is kind of a hybrid between the two. Similar to a P&L - CVR tracks the performance of a project over time, much like how a P&L statement tracks a company's operational performance. It involves assessing the income or value generated against the costs incurred during the project, which is akin to the revenue and expense analysis in a P&L. This aspect helps in determining the profitability of a project at various stages. Similar to a Balance Sheet - On the other hand, CVR also provides a cumulative view of a project's costs and value to date, reflecting the financial position of the project at each reporting period. This is similar to how a balance sheet gives a snapshot of a company's financial position at a particular point in time. It encompasses the management of assets (like completed work or value earned) and liabilities (such as costs or expenses) for the project.
can you makes videso on how to learn and get understand NRM, CEM etc? I am trying to learn the measurement rules but as a novice it is quite difficult to execute it?
