Productivity, Performance, & Earned Value

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  • 1.  EVM

    Posted 10-31-2024 12:58 PM
      |   view attached
    Kyle,

    I've read your discussions on the site. We used to run EV (Budget) till the 80% mark and then developed a company wide burn down database using an open database product (JIRA). Totally flexible, multiuser and handled all reports.


    I attach a paper I put together (personal use) on the generalised subject - Earned Progress Function Types (EPFT). Whilst budget is used as the function type in 95% of cases and is universally used there should be a place for a wider discussion and to encourage users. So we can have Earned Types as;
    Commitment - the very1st metric needed long before spend/earned/progress - where is it in the literature?
    Budget - standard EVM
    Schedule - when schedule not budget loaded or contract type is rate / re-imburseable / TP etc
    Duration - when schedule not budget loaded
    Requirements (Engineering) - the contract scope documents are deconstructed into a list of requirements that will complete the project which are then tracked
    Manhours - Resource dependent projects (design phase?)
    Activity Days - when you want something simple and don't have budgets / manhours to load
    Quantities - when project is totally driven by key quantities
    Documents - track no of documents produced from MDR for the project 
    Activities Complete - a simple metric loved by PM's
    Quality Plan hold points - count the no of hold points completed for each approved quality plan covering the whole of the project
    Signed of ITP's - on site track no of completed ITP's
    Benefit - for the Client -. When will he get his RoI.

    Regards

    Peter


    Attachment(s)



  • 2.  RE: EVM

    Posted 11-05-2024 12:25 PM

    Peter,

    Very much appreciate you attaching that paper and adding some additional context to the discussion. Finally got a chance to read through everything and I can already spot a few of your EPFTs that would benefit current projects I'm working on. Great information in that paper, thanks again for sharing.

    Kyle



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    Kyle Palmer
    Consultant
    Dallas
    kpalmer@k2consulting.com
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