Earned value analysis
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This document discusses earned value management and earned value analysis techniques for construction sector projects. It explains that earned value analysis can answer questions about whether a project is on schedule, within budget, and track deviations. It does this by comparing the planned value, actual costs, and earned value over time. Graphing these three values on an S-curve provides a visual representation of a project's overall status and helps identify cost and schedule performance. Comparing the relationships between planned value, actual costs, and earned value is important for determining if a project is under or over budget and ahead or behind schedule at any given time.
Earned value analysis
- 1. EVMEARNED VALUE MANAGEMENT EARNED VALUE ANALYSIS FOR PROJECTS OF CONSTRUCTION SECTOR IBEN ENGENHARIA LTDA.
- 2. IBEN ENGENHARIA LTDA. THISTECHNIQUEISEXTREMELLYUSEFULFORTHEORGANIZATION,SINCEITPROVIDESAPICTUREWITHPRECISEDATEONTHEPROJECT’SSTATUSANDPROGRESS. ANSWERTHEFOLLOWINGQUESTIONS; -AREWEWITHINSCHEDULE? -AREWEWITHINBUDGET? -WHATARETHEDEVIATIONS? -WHATISTHEDEVIATIONTENDENCYUNTILAGIVENDATE? -WHENWILLWEFINISH? -WHATWILLBETHEFINALCOST? -HOWCANWECONTROLTHETENDENCY? INORDERTOANSWERTHESEQUESTIONS,WENEEDTOGOTHROUGHAFEWPROJECTADVANCEPLANNINGANDMONITORING. WEWILLBEGINWITHTHECOSTBASELINEREPRESENTEDBYA“S”CURVE.
- 3. IBEN ENGENHARIA LTDA. Cost baseline –Predicted Value “VP”. Analysis of “S” curve EVM aggregate value
- 4. IBEN ENGENHARIA LTDA. NEXT WE ANALYZE THE BEHAVIOR OF ACTUAL EXPENSES INCURRED DURING THE PERFORMANCE OF THE PROJECT. Real Expenses–Actual Costs “CR” Analysis of “S” curve EVM aggregate value
- 5. IBEN ENGENHARIA LTDA. THIS DEVIATION CANNOT BE INTERPRETED WITHOUT PREVIOUSLY MAKING AN EARNED VALUE ANALYSIS, WHICH CONSISTS OF DETERMINING THE VALUE OF THE ENTIRE SERVICE PERFORMED UP UNTIL THAT MOMENT. I.E.... IFTHEPREDICTEDVALUE(VP)UNTILAGIVENMOMENTISOFR$1,000,000. THEACTUALCOSTS(CR)ARTTHESAMEMOMENTISOFR$1,065,000. ITISALSONECESSARYTODETERMINETHEEARNEDVALUE(VA)INORDERTOANSWERTHEQUESTION:AREWEWITHINSCHEDULE?AREWEWITHINBUDGET? LET’SSEE...
- 6. IBEN ENGENHARIA LTDA. (VP)R$1,000,000. (CR)R$1,065,000. AND (VA)R$1,065,000. MEANSSAYINGTHATTHEPROJECTISCOSTINGEXACTLYWHATITSHOULDCOST,SINCEVA= CR,ANDTHEPROJECTIS6.5%AHEADOFSCHEDULE. INOTHERWORDS,THECOSTPERFORMANCEINDEX(IDC)=1.000ANDTHEDEADLINEPERFORMANCEINDEX(IDP)=1.065. INANOTHEREXAMPLE
- 7. IBEN ENGENHARIA LTDA. (VP)R$1.000,000. (CR)R$900,000. AHASTYANALYSISWOULDSAYTHAT“WESAVED10%.” HOWEVER,HOWMUCHDIDWEREALLYEARN? (VA)R$800,000,R$900,000,R$1.000,000? ONLYAJOINTANALYSISOFALLTHREEVALUESISCONCLUSIVEANDTHEGRAPHICREPRESENTATIONHELPSTHEQUICKVISUALIZATIONOFTHEPROJECT’SWHOLEPICTURE.
- 8. IBEN ENGENHARIA LTDA. Despesas Reais –Custo Real CR. Analysis of “S” curve EVM aggregate value
- 9. IBEN ENGENHARIA LTDA. Despesas Reais –Custo Real CR. DESPITE CR BEING HIGHER THAN VP Analysis of “S” curve EVM aggregate value
- 10. IBEN ENGENHARIA LTDA. Despesas Reais –Custo Real CR. Apesar do CR ser maior que o VP VA IS HIGHER THAN CR, WHICH MEANS COST SAVINGS Analysis of “S” curve EVM aggregate value
- 11. IBEN ENGENHARIA LTDA. Despesas Reais –Custo Real CR. Apesar do CR ser maior que o VP VA IS HIGHER THAN VP, WHICH MEANS WE ARE AHEAD OF SCHEDULE Analysis of “S” curve EVM aggregate value
- 12. IBEN ENGENHARIA LTDA. WRITTENBYEDUARDOMILITÃOELIAS,MBA/PMP® ID1396759SPONSOREDBYCONSTRUTORAIBENLTDA.,RCPPMI® ID1463462