Hi Planners,
I have used Earned value for tracking progress during the Engineering phase in a EPC Contract. I have used the results of earned value system as input to forecast finish date for critical activities.
I do agree the statement “UNLESS you are tracking earned value, you really have no IDEA what is going on with your project”.
BUT, pay attention to the way you measure progress (in my case, progress of documents).
Very important is:
1.- definition of realistic progress milestones.
2.- the responsible of doing the work can not be the responsible of assessing his own progress. In my case, the discipline leaders were over reporting the progress of documents.
Having these two weak points in the assessment of work performed, my results were not satisfactory.
Would like to hear experiences with EV
Cheers,
carmen
I have used Earned value for tracking progress during the Engineering phase in a EPC Contract. I have used the results of earned value system as input to forecast finish date for critical activities.
I do agree the statement “UNLESS you are tracking earned value, you really have no IDEA what is going on with your project”.
BUT, pay attention to the way you measure progress (in my case, progress of documents).
Very important is:
1.- definition of realistic progress milestones.
2.- the responsible of doing the work can not be the responsible of assessing his own progress. In my case, the discipline leaders were over reporting the progress of documents.
Having these two weak points in the assessment of work performed, my results were not satisfactory.
Would like to hear experiences with EV
Cheers,
carmen