Check out our Assessment Centre and the Guild's Knowledge CAR and the Soteria Method

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 amounts) that can be categorized into four major tiers:

How Baseline Dates are calculated in Primavera P6 for Earned Value Management

Primavera P6 give us an option to decide that Baseline date is equal to Planned date or Current date.

The main purpose of this option is for Earned Value calculation.

How to use Earned Value Management in Primavera P6

Primavera support you to control project performance by Earned Value Management technique.

I will show you how to use it in Primavera.

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” however, they are actually just producing monthly project financial reports, invoices and cash flows which are only some of the functions that Project Controls is meant to accomplish.

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 often talk in technical terminology.

Comparison of Earned Value Standards

"Comparison of Earned Value Standards" by Paul E Harris

Abstract:

The standards reviewed all meet their stated objectives but are different in their approach to the subject, the level, detail they provide. These statements from taken from their introductions accurately describe each document.

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. In fact, that may be optimistic.

BIM and Project Controls

 

EcoSys - EPC (Enterprise Planning & Controls)

EcoSys EPC (Enterprise Planning & Controls) is a next generation planning and cost controls software solution delivering best practices for full lifecycle project cost management in an integrated, easy-to-use web application.  Bridging the gap between planning and execution, EcoSys EPC is used by some of the world’s largest companies and public agencies to implement:

BCWS

Budgeted Cost of Work Scheduled (BCWS) is used in Earned Value Analysis

For a fuller understanding, this Wiki entry should be read in conjunction with ACWP and BCWP.

 

BCWS is the cumulative budget cost of doing work as defined in the Base programme.

The total budget value of the activities are added up for each period and plotted cumulatively to give a profile on a graph.

 

Further info can be found at:

http://www.pro

Market Place

For 25+ years, APMX has been providing competency based project management training to Fortune 500 companies around the world, applying the principles of project based learning, designed to produce measurable results, generating a favorable “return on training investment”.
See how the TIME - LOCATION - VIEW brings clearness to your work programmes
Primavera P6 and Microsoft Project books, on-line video training courses and training material available from an internationally recognised publisher and PMI accredited REP. Teach yourself using on-line or book based learning or run your own in-house or public PMI accredited courses.
The aim of this training is to provide delegates with a fundamental understanding of the Guild of Project Controls Planning and Scheduling skills level at the GPC Preparatory level.
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