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Earn Value Management

Dexter JarrettMember for 25 years 8 months
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Does anyone know anything about the subject?

[moderator edit - additional text from thread in PM Issues forum follows:]

I would like to know more about companies who are invloved with EVMS? IF anyone knows of companies domestic or internaitonal that are involved with EVMS and needs someone with experience with Earn Value could you give me their information? I am looking for work in that area.

Thanks
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3 replies

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  1. 0
    Jaco Stadler ·
    #1
    What would you like to know
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  2. 0
    Bernard Ertl ·
    #2
    [thread has been clarified]
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  3. 0
    Eddy San Gabriel ·
    #3

    Hi Guys,   I am new in this

     

    Hi Guys,
     
    I am new in this site. I never thought a site like this actually exist. and it feels good.. because most of the time projects here in the Philippines only have one planner in a project. And ihave no one to talk on matters in planning and scheduling. Specially if your counter part in the contractor side don't know how to speak English(pure chinesewho needs interpreter).
     
    Anyway, I am a Planner by accident, because our planner suddenly took another job. And I filled the shoes. Nevertheless, I had always been in Project Management, Project Coordination and Control. Also taking up Master's degree in Management.
    EventhoughPrimavera is just a tool, its was hard to start . Started from scratch a year ago (with no formal training), and as of now ifeel imdoing progress. But I have no one to compare with.
    That's why I hope ican learn much from here.
     

    Cost Variance (CV); CV=EV-CV>0, spending less than planned

    Whereas; 

    Earned Value (EV)   = Budgeted Cost of Work Performed (BCWP)

      = Budget X Work Performed

     

    Actual Cost (AC)  = Actual Cost of Work Performed (ACWP)

      = Actual Cost to Date

      (Payment and Billing Status) 

     

    Schedule Variance (SV); SV=EV-PV>0, ahead of schedule

    Whereas; 

    Earned Value (EV)   = Budgeted Cost of Work Performed (BCWP)

      = Budget X Work Performed

     

    Planned Value (PV)  = Budgeted Cost of Work Schedule (BCWS)

      = Budget X Scheduled Work to Complete 

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