Earned Value Analysis for Primavera P6 Schedule
Measure project performance and progress with the earned value analysis feature in the ScheduleReader software.
Earned Value Analysis in ScheduleReader
Earned Value Analysis (EVA) is a method used to measure the project performance by analyzing specific schedule and cost KPI’s and variances as the project progresses towards completion. The EVA method compares the planned work with the actual finished work, at a specific point of time.
EV analysis in ScheduleReader helps project managers and project controls to determine the current project status in terms of costs, schedule and scope and take further actions to keep the project within the planned budget and time-frame.
ScheduleReader uses the project’s Baselines as a foundation for performing Earned Value calculations, which are based on the P6 default settings and available in the Activity View.
Benefits of Earned Value Analysis
Detect Problems Early On
Maintain control and deliver project on time and on budget. Identify cost and schedule deviations, such as cost overruns and time delays early on and take corrective actions on time.
Adhere to the Planned Schedule
Get answer as to where you are in projects to date. Avoid scope creep and keep a clear focus on milestones and business goals to ensure on time project completion.
Manage Future Scenarios
Forecast future project performance, costs and completion dates. Manage risks and easily calculate what will it take to finish the project in terms of cost and time.
Analyze Schedule and Cost Earned Value KPIs
Create your layouts with specific EV work, cost and time parameters, or import your layouts exported from P6, which you can use to quickly analyze project performance to date. Layouts can be further shared with other team members to align working with the same view of data.
Performance-to-Date KPI Dashboard for Primavera P6 Projects
Cost Variance
Tracking the Cost Variance by comparing the project’s completed costs vs the planned costs helps you deliver the project on budget.
Labour Units
Track the schedule’s progress and costs, through Labour Units parameters. Compare Actuals, Planned and Earned Value, and get Estimates.
Performance Index
Track project progress through Schedule and Cost Performance Indexes (SPI, CPI) and see how close the project is to completion.
Present Earned Value Data with Graphical Reports
By using ScheduleReader PRO, you can analyze different EV parameters and present summaries through custom made graphical reports. The PRO version of ScheduleReader features predefined and custom made graphical reports and dashboard that are used to analyze and present key information and summaries of different project elements.
Engaged Teams, Efficient Projects
Earned Value Management Analysis provides the data that helps project controls and managers pro-actively manage the project progress.
Evaluate Project Status to Date
Measure the project progress and assess its current state through in-depth analysis based on a baselined plan.
Identify Potential Problems
Analyze budget spend, actual work done, and estimate the future schedule and cost requirements.
Steer Projects to Successful Completion
Take timely preventive or corrective actions to successfully deliver the project on time and within budget.
