If 48 (planned) can do 1,810 (planned), 45 (actual) is expected to earn 1696. But you only achieved 504 (actual/earned value). What factor/s have affected your productivity?
Member for
24 years 9 months
Member for24 years10 months
Submitted by Patrick Weaver on Fri, 2023-12-01 01:28
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!!
Member for
17 years 3 monthsPlanned Qty = 1,810Planned MP
Planned Qty = 1,810
Planned MP = 48
Actual MP = 45
Exp Qty = 1696
If 48 (planned) can do 1,810 (planned), 45 (actual) is expected to earn 1696. But you only achieved 504 (actual/earned value). What factor/s have affected your productivity?
Member for
24 years 9 monthsThese consepts are derived
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