Variance Reporting If you work in an earned value management environment, or are going through the process for system certification, you’ll be familiar with the idea of variance reporting. It’s a requirement of the EIA-748 guidelines which expect project teams to identify variances, put plans in place to address them and then implement the plans. […]
Schedule Variance
What causes variance on projects?
Do You Know the Cause of Variance on Projects? Projects start with a plan. The team begins the work and then something happens… you start reporting a variance against the original baseline. While we all know that sometimes plans shift and the team has to accommodate that, what’s really helpful is understanding why variance on […]
What is Schedule Variance?
You might hear your team talk about variances in the schedule, but what do they actually mean? And are you all defining Schedule Variance (SV) in the same way? Schedule Variance does have a very specific meaning in the world of earned value analysis, so it is worth making sure everyone has a clear understanding […]
7 Questions Earned Value Management (EVM) Can Answer
Have EVM questions? Are you considering using EVM (Earned Value Management) on your projects? Or wondering what it can do for you? Well, do you want to know the answer to any of these questions? Are we currently over or under budget? Are we delivering more or less work than we planned? How much is […]
Primavera P6 and Earned Value Management
Most of our clients use Deltek Cobra for Earned Value Management (EVM) analysis of their Primavera P6 schedules. It is, however, possible to perform basic EVM in Primavera P6. EVM has demonstrated, for well over a 50 years, that it is one of the most effective means available to monitor project cost and schedule performance. […]