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Earned Value

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Earned Value

How does Primavera P6 calculate Planned Value Cost for Activities without linear distribution (using Resource Curves or Manual plan) in Earned Value Management

When we use Earned Value Management technique, we focus on:Planned Value Cost (PV) = Budget At Completion * Schedule % CompleteEarned Value Cost (EV) = Budget At Completion * Performance % Complete (usually equal to Activity % Complete)Schedule Variance (SV) = EV - PVSV > 0 : project is good, ahead

17 Feb 2018 · Khuong Do · 2 min read

Earned Value

Beyond Earned Value Management

If I asked you what the trickiest part of project management was for your enterprise, what would you say? If you answered managing the diverse projects in your portfolio – you’re not alone. Most businesses work on a variety of projects (whether it be different contract types, duration or dollar amou

19 Aug 2016 · Megan Cacioppo · 2 min read

Earned Value

Project Controls vs Project Accounting - What's the Difference?

In my career, I've worked across multiple industries and companies and one thing that stands out is the confusion surrounding the function of Project Controls and what it is meant to achieve. There are Project Accountants, administrators or finance personnel who “do a bit of Project Controls” howeve

25 Jul 2016 · Carmen Ford · 3 min read

Earned Value

Earned Value – A Simplistic Explanation

Over the years I have seen many articles, discussions and questions about Earned Value Management (EVM). What is it, how valuable is it as a management tool, how do you use it? Often the explanation can be quite complex. As is usual for experienced project managers or project cost practitioners we o

21 Jul 2016 · Carmen Ford · 5 min read

Earned Value

The Case for a Standard Data Reporting Format in a Massive Multi-Contractor Environment

If my team and I were on a mission to standardize our program control software, we might perform a benchmarking exercise. I firmly believe if we performed such an exercise, we would find that one-hundred different organizations would have at least one-hundred-five software architectures between them

22 Feb 2013 · Thomas Polen · 2 min read