Presentation is loading. Please wait.

Presentation is loading. Please wait.

Determining the Health of a Project through Earned Value Management.

Similar presentations


Presentation on theme: "Determining the Health of a Project through Earned Value Management."— Presentation transcript:

1 Determining the Health of a Project through Earned Value Management

2 What and Why WhenHowOutcomesLimitations EVM and RM Integration Clearing and grubbing for a new water treatment plant in Kassan, Alaska Determining the Health of a Project through Earned Value Management

3 What and Why EVM is a project management technique that: –Objectively quantifies project progress and performance in terms of dollars –Measures actual performance against an assumed spending baseline –Provides indicators of future performance based on past performance

4 When ScopeScheduleBudget Earning Rules Accrued Costs Picture Here Installing a well line in Pitka’s Point, Alaska

5 Toksook Bay, Alaska 590 residents New WTP/WST –$8.86M –Const. Comp = 8/31/13

6 Scope Item Construction Activities OOK Water Treatment Plant Construction start Date Initial Material Flown/unload and transport Safety & Safety Stand Down L - Housing Set-up Site work Clear & grub/haul off, 1300CY L - Haul In NSF Place NSF/Compact/grade Grade and set connex Barge Arrival/unload/transfer to site Piling Contract Piling Contractor for WTP Piling Contractor for WST Set up for Pipe Work Raw Water from 3A and 3B L - C-143 Station to L - C-142 Station to 29+00How Scope – Work Breakdown Structure

7 Scope ItemEst StartEst Copm Construction Activities03/12/1208/31/13 OOK Water Treatment Plant03/12/1208/31/13 Construction start Date05/02/12 Initial Material Flown/unload and transport05/02/1205/03/12 Safety & Safety Stand Down05/03/1205/04/12 L - Housing Set-up05/04/1205/25/12 Site work03/12/1208/27/12 Clear & grub/haul off, 1300CY05/24/1205/31/12 L - Haul In NSF05/31/1206/14/12 Place NSF/Compact/grade05/31/1206/14/12 Grade and set connexes (3)06/14/1206/16/12 Barge Arrival/unload/transfer to site06/16/1206/23/12 Piling Contract03/12/1204/21/12 Piling Contractor for WTP03/12/1204/07/12 Piling Contractor for WST04/07/1204/21/12 Set up for Pipe Work06/23/1206/25/12 Raw Water from 3A and 3B06/26/1207/21/12 L - C-143 Station to /26/1206/30/12 L - C-142 Station to /30/1207/10/12How Scope – WBS Schedule – Critical Path

8 Scope ItemEst StartEst CopmCost Construction Activities03/12/1208/31/13$2,664, OOK Water Treatment Plant03/12/1208/31/13$2,664, Construction start Date05/02/12 $0.00 Initial Material Flown/unload and transport05/02/1205/03/12$15, Safety & Safety Stand Down05/03/1205/04/12$3, L - Housing Set-up05/04/1205/25/12$25, Site work03/12/1208/27/12$824, Clear & grub/haul off, 1300CY05/24/1205/31/12$11, L - Haul In NSF05/31/1206/14/12$20, Place NSF/Compact/grade05/31/1206/14/12$11, Grade and set connexes (3)06/14/1206/16/12$2, Barge Arrival/unload/transfer to site06/16/1206/23/12$9, Piling Contract03/12/1204/21/12$581, Piling Contractor for WTP03/12/1204/07/12$393, Piling Contractor for WST04/07/1204/21/12$188, Set up for Pipe Work06/23/1206/25/12$4, Raw Water from 3A and 3B06/26/1207/21/12$50, L - C-143 Station to /26/1206/30/12$11, L - C-142 Station to /30/1207/10/12$18,245.60How Scope – WBS Schedule – Critical Path Budget – Itemized by WBS

9 Scope ItemQTYUnitEst StartEst CopmCost%Dollars Construction Activities03/12/1208/31/13$2,664, OOK Water Treatment Plant03/12/1208/31/13$2,664, Construction start Date05/02/12 $0.00 Initial Material Flown/unload and transport 1LS 05/02/1205/03/12$15, %$11, Safety & Safety Stand Down 1LS 05/03/1205/04/12$3, %$0.00 L - Housing Set-up 1LS 05/04/1205/25/12$25, %$2, Site work03/12/1208/27/12$824, Clear & grub/haul off, 1300CY 1300CY 05/24/1205/31/12$11, %$0.00 L - Haul In NSF 6000CY 05/31/1206/14/12$20, %$0.00 Place NSF/Compact/grade 15DAY 05/31/1206/14/12$11, %$0.00 Grade and set connexes (3)06/14/1206/16/12$2, %$0.00 Barge Arrival/unload/transfer to site06/16/1206/23/12$9, %$0.00 Piling Contract03/12/1204/21/12$581, Piling Contractor for WTP03/12/1204/07/12$393, %$393, Piling Contractor for WST04/07/1204/21/12$188, %$188, Set up for Pipe Work06/23/1206/25/12$4, %$0.00 Raw Water from 3A and 3B06/26/1207/21/12$50, L - C-143 Station to /26/1206/30/12$11, %$0.00 L - C-142 Station to /30/1207/10/12$18, %$0.00How Scope – WBS Schedule – Critical Path Budget – Itemized by WBS Earning Rules – Predefined Metrics

10 How Scope – WBS Schedule – Critical Path Budget – Itemized by WBS Earning Rules – Predefined Metrics Accrued Costs – Actual Cost to Date ssVersion 8, 5/11 Estimated CostCost To Date Cost Tracking Materials $2,501, Plan-Set Task Totals Updated as of:6/2/2012Equipment $1,167, Construction Budget $8,862,720 Plan set title and plan set #OOK Freight $265, Costs to Date$1,372,700 Community NameToksook Bay Labor $3,196, Remaining Balance To Date$7,490,020 Notice To Proceed Date 3/15/2012Travel $118, Subcontract $1,613, PPE MaterialFreight Local Labor ANTHC LaborEquipmentTravelSubcontract Total Costs This Period Total Cumulative Costs Percent of Budget Spent 4/21/ , , , , , % 5/5/201266, , , , , ,616.21$974, % 5/19/ , , , , ,288.19$1,168, % 6/2/201258, , , , , ,679.37$1,372, % 6/16/ $1,372, % 6/30/ $1,372, %

11 Biweekly Report Actual Cost Planned Value Earned Value

12 EVM Outcomes Three-Line Diagram –Planned Value –Earned Value –Actual Cost Variances –CV and SV Performance Indices –CPI and SPI Estimate at Completion Mixing & placing concrete for a water storage tank in Pitka’s Point, Alaska

13 EVM Outcomes Installing water distribution main and flush hydrants in Pitka’s Point, Alaska Drilling helical piles for a boardwalk in Kwigillingok, Alaska

14 EVM Outcomes Thermopile foundation for a clinic in Kaltag, Alaska Excavating for a new lagoon in Kasigluk, Alaska

15 EVM – Three Line Diagram PlanTrax® Version 3.3b Cost and Schedule Variances CPI = 0.91 EAC = $9,724,000

16 EVM Limitations Subjective measurement No consideration of quality Requires accurate accounting Looks forward based on past events Insulated flush hydrants in Galena, Alaska The Tinker family’s new bathroom Kasigluk, Alaska

17 EVM and RM Integration Identify potential problems quantify their impact Monitor and manage more effectively Recoup value of mitigated risks Crushing rock for pipe bedding in Pitka’s Point, Alaska The new water treatment plant in Pitka’s Point, Alaska

18 Determining the Health of a Project through Earned Value Management What and Why WhenHowOutcomesLimitations EVM and RM Integration A boy with a newly installed arctic box and low pressure sewer in the background in Kasigluk, Alaska

19 Questions?


Download ppt "Determining the Health of a Project through Earned Value Management."

Similar presentations


Ads by Google