1. Progress and Performance Measurement and Evaluation
Chapter 12
Progress and Performance Measurement and Evaluation
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2. Project Schedule Control Chart
Figure 12-2 20
Today
Ahead of schedule
Behind schedule
Schedule outlook 15 10 5 -5
-10
-15
-20 1 2 3 4 6 7 8 9 11 12 13
Reporting period
Time periods
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3. Project Management Information System Overview
Figure 12-3
Database
Work Packages
Time Resources Labor Materials Support effort Budgets Responsibilities Performance standards
Plan, schedule baseline
Control Time, cost and specifications by Deliverables and Organization
Scope Deliverables WBS
Organization OBS
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4. Glossary of Terms
Table 12-1
BCWS Budgeted cost of the work scheduled. A cost estimate of the resources scheduled in a time-phased cumulative baseline.
BCWP Budgeted cost of the work performed. The earned value or original budgeted cost for work actually completed.
ACWP Actual cost of the work completed. The sum of the costs incurred in accomplishing work.
SV Schedule variance (BCWP - BCWS).
CV Cost variance (BCWP - ACWP).
BAC Budgeted cost at completion. The total budgeted cost of the baseline or project cost accounts.
EAC Estimated costs at completion. Includes cost to-date plus revised estimated costs for the work remaining.
FAC Computed forecasted costs at completion.
VAC Variance at completion (BAC - EAC or BAC - FAC). Indicates expected actual over or underun at completion.
Irwin/McGraw-Hill
©The McGraw-Hill Companies, 2000

5. Cost/Schedule Graph EAC BAC CV SV ACWP BCWS baseline BCWP earned value
Figure 12-5
EAC
BAC CV SV
ACWP
BCWS baseline
BCWP earned value 10 20 30 40
25%
$100
50%
$200
75%
$300
85%
$340
100%
$400
125%
$500
Irwin/McGraw-Hill
©The McGraw-Hill Companies, 2000

6. Revised cost estimates
Cost/Schedule Graph
Figure 12-11
160
120 80 40 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Time
ACWP
BCWP
BCWS
Revised cost estimates
BAC
EAC
VAC
Cost SV CV
Irwin/McGraw-Hill
©The McGraw-Hill Companies, 2000

7. Project Cost Summary Report
Figure 12-12
Irwin/McGraw-Hill
©The McGraw-Hill Companies, 2000

8. Period 4 Project Rollup by Deliverables, Organization, and Cost Account
Figure 12-13
Project SV = =$10 CV = +$15
Deliverable X SV = = 0 CV = = +4
Deliverable Y SV = = +10 CV = = +11
Deliverable Z SV = 0 CV = 0
CA - 1 BCWS = 6 BCWP = 6 ACWP = 8
= 0 = (-2)
CA - 3 BCWS = BCWP = 15 ACWP = 6
= 0 = 9
CA - 4 BCWS = 6 BCWP = 16 ACWP = 12
= 10 = 4
CA - 5 BCWS = 0 BCWP = 0 ACWP = (-2)
= 0 = (-2)
CA - 2 BCWS = BCWP = 10 ACWP = 4
= 0 = 6
CA - 6 BCWS = 0
CA - 7 BCWS = 0
CA - 8 BCWS = 0
Department A SV = = 0 CV = = (-2)
Department B SV = = 0 CV = = +9
Department C SV = = +10 CV = = +4
Department D SV = = 0 CV = = +4
SV = +10 CV = +15
Organization
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