1 / 19

Determining the Health of a Project through Earned Value Management

Determining the Health of a Project through Earned Value Management. Determining the Health of a Project through Earned Value Management. What and Why When How Outcomes Limitations EVM and RM Integration. Clearing and grubbing for a new water treatment plant in Kassan, Alaska.

avital
Download Presentation

Determining the Health of a Project through Earned Value Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Determining the Health of a Project through Earned Value Management

  2. Determining the Health of a Project through Earned Value Management • What and Why • When • How • Outcomes • Limitations • EVM and RM Integration Clearing and grubbing for a new water treatment plant in Kassan, Alaska

  3. What and Why • EVM is a project management technique that: • Objectively quantifies project progress and performance in terms of dollars • Measures actual performance against an assumed spending baseline • Provides indicators of future performance based on past performance

  4. When • Scope • Schedule • Budget • Earning Rules • Accrued Costs Picture Here Installing a well line in Pitka’s Point, Alaska

  5. Toksook Bay, Alaska • 590 residents • New WTP/WST • $8.86M • Const. Comp = 8/31/13

  6. How • Scope – Work Breakdown Structure

  7. How • Scope – WBS • Schedule – Critical Path

  8. How • Scope – WBS • Schedule – Critical Path • Budget – Itemized by WBS

  9. How • Scope – WBS • Schedule – Critical Path • Budget – Itemized by WBS • Earning Rules – Predefined Metrics

  10. How • Scope – WBS • Schedule – Critical Path • Budget – Itemized by WBS • Earning Rules – Predefined Metrics • Accrued Costs – Actual Cost to Date

  11. Biweekly Report Actual Cost Earned Value Planned Value

  12. EVM Outcomes • Three-Line Diagram • Planned Value • Earned Value • Actual Cost • Variances • CV and SV • Performance Indices • CPIand SPI • Estimate at Completion Mixing & placing concrete for a water storage tank in Pitka’s Point, Alaska

  13. EVM Outcomes Drilling helical piles for a boardwalk in Kwigillingok, Alaska Installing water distribution main and flush hydrants in Pitka’s Point, Alaska

  14. EVM Outcomes Excavating for a new lagoon in Kasigluk, Alaska Thermopile foundation for a clinic in Kaltag, Alaska

  15. EVM – Three Line Diagram Cost and Schedule Variances CPI = 0.91 EAC = $9,724,000

  16. EVM Limitations • Subjective measurement • No consideration of quality • Requires accurate accounting • Looks forward based on past events The Tinker family’s new bathroom Kasigluk, Alaska Insulated flush hydrants in Galena, Alaska

  17. EVM and RM Integration • Identify potential problems quantify their impact • Monitor and manage more effectively • Recoup value of mitigated risks Crushing rock for pipe bedding in Pitka’s Point, Alaska The new water treatment plant in Pitka’s Point, Alaska

  18. Determining the Health of a Project through Earned Value Management • What and Why • When • How • Outcomes • Limitations • EVM and RM Integration A boy with a newly installed arctic box and low pressure sewer in the background in Kasigluk, Alaska

  19. Questions?

More Related