Earned Value Management

Using Earned Value Management (EVM) for Reporting the Performance of Engineering Deliverables on Engineering-Procurement-Construction (EPC) Projects

The engineering stage of an Engineering-Procurement-Construction (EPC) project is of critical importance for all entities involved in delivering the project. During this stage, there will be a list of drawings, also known as deliverables, that the EPC contractor needs to produce and for which the project owner must approve before Read more…

By PMWeb, ago

Why Joint Venture (JV) Contractors Must Use a PMIS When Managing Their Construction Projects Delivery – Part 4: Earned Income, Earned Value and Actual Cost

As the construction contract commences, there will be three important processes that the JV Contractor needs to manage to be able to report the project’s financial performance. The first is the earned income (EI) for work the JV Contractor has invoiced the project owner for on the Income JV Contract, Read more…

By PMWeb, ago

How To Do Earned Value Management (EVM) Reporting If You Have to Depend on Others for Project Contract Management Data?

On some capital construction projects, the management of all financial matters including contract management will not be carried out at the project level. Whether it was a project owner or contractor, the common practice is that all financial and contract management processes will be managed by the entity’s contract management Read more…

By PMWeb, ago