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Oracle Primavera - PM6

Actual cost and Earned value cost

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Kannan CPMember for 18 years 4 months
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Hi,

In my cost loaded schedule, the actual cost is showing some value higher than the earned value cost. So after each update to fix the problem, i make the actual cost similar to the earned value cost.

Is there any option to get the actual value similar to the earned value, based on the activity % progress.

Thanks in advance.

Regards

Kannan

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7 replies

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  1. 0
    Aldrin Morallos ·
    #1

    Kannan,For me, you cannot

    Kannan,

    For me, you cannot make the same result between Earned and Actual Value in P6 unless otherwise you formulate it.

     

    Thanks.

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  2. 0
    Raymund de Laza ·
    #2

    Kannan,Use Tool... Update

    Kannan,

    Use Tool... Update Progress.

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  3. 0
    Anning Sofi ·
    #3

    That would be helpful to

     

    That would be helpful to know there is a shorter way to have EV cost similar to actual cost.

    As we all know,  EV cost is based on %performance complete x budget cost. Actual cost is calculated on %complete x budget, BUT in this case, %complete maybe based on units, physical or duration, depending on settings of the duration type for each activity. The % performance complete is not necessarily the same as the %complete based on units, physical or duration; hence the difference in values for EV and actual costs.

    Raymund, Tools -> update progress may not work in the objective. Try it, as we had, and it didnt yield the same cost for EV and actual cost.

     

     

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  4. 0
    Raymund de Laza ·
    #4

    Anning, It works....

    Anning,

    It works....

     

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  5. 0
    Jenny Ingco ·
    #5

    Kannan, The Actual Cost=

    Kannan,

    The Actual Cost= Invoices Paid+Invoices Acrrued - Disallowed Costs...

    EV= % of the Total budgeted cost...

    So, they both are diffrent values and can't be same.

     

    Thank you,

     

    HASAN

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  6. 0
    Mohammed Azharuddin ·
    #6

    Solved !Check out my article

    Solved !

    Check out my article here

    https://www.linkedin.com/pulse/how-make-actual-value-equals-earned-cost-units-p6-using-azharuddin/?trackingId=07FcDenXTRe8sZHPAkEaJg%3D%3D

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  7. 0
    Mohammed Azharuddin ·
    #7

    Solved !Check out my article

    Solved !

    Check out my article here

    https://www.linkedin.com/pulse/how-make-actual-value-equals-earned-cost-units-p6-using-azharuddin/?trackingId=07FcDenXTRe8sZHPAkEaJg%3D%3D

    Report

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