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Hi,
I'm new withing planning, and I can't seem to figure out what the differences between planning qty, earned qty and actual qty is.
Example:
Current Budget for welding is 20 760 hours
Plan Qty = 1 810
Earn Qty = 504
Exp Qty = 1696
And planned man power is 48, while actual man power was 45.
Can someone please explain to me or give an example of what planned, earned and exp qty is? And what the differences are?
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Planned Qty = 1,810
Planned MP = 48
Actual MP = 45
Exp Qty = 1696
If 48 can do 1,810, 45 is expected to do 1696. But you only achieved 504. What factor/s have affected your productivity?
These consepts are derived from Earned Value Management:
Planned quantity = the amount of the budgeted work planned to be completed in a period, or to date.
Earned quantity = the amount of the budgeted work actually achieved in a period or to date (measured using the same basis as the budget). In your example ony 28% of the planned work was achieved.
Actual quantity = the number of welding hours actually booked against the job in the same period or to date..... This activity is a total mess!!
For more on this and some free resources see: https://mosaicprojects.com.au/PMKI-SCH-040.php#Overview
Email: PPadmin@planningplanet.com
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