Earned Value Management

Monitoring, Evaluating, and Reporting on the Performance Factor Indices (PFI) for Earned Value Management (EVM) on Capital Construction Projects

For some of those who are involved in the Earned Value Management (EVM) reporting on capital construction projects, continue to use different factors to adjust the calculated Estimate to Complete (ETC) for the remaining scope of work for each work package. Those factors known as the Performance Factor Index (PFI) Read more…

By Tony, ago

Are You Using the Wrong Actual Cost (AC) Value for Earned Value Management (EVM) Reporting on Capital Construction Projects?

For those involved in capital construction projects whether those projects were Engineering-Procurement-Construction (EPC), Design-Build (DB), Design-Bid-Build (DBB), Build-Operate-Transfer (BOT), Public-Private Partnership (PPP), or any other project delivery method, determining the Actual Cost (AC) value to be used in calculating the Earned Value Management (EVM) key performance indicators are always a Read more…

By Tony, ago

Earned Value Management (EVM) to Report Performance When the Culture of “100% Committed to Achieve” in Managing the Contractor’s Contract Price on Capital Construction Projects is Adopted

PMWeb Project Management Information System (PMIS) requisition module will be used to capture the details of all interim payment certificates issued by the contractor and approved by the project owner. This value is also known as the Earned Value (EV) which will be used in Earned Value Method (EVM) reporting. Read more…

By Tony, ago