earned value method

[nitsa]

Is it possible to work an earned value method on a work (contract) that is
charging for quantities only and not for hours of work?

Is it possible to use MS project for it?

If not, is there other program that deals with such cases?

 

[Rod Gill]

Earned value is about dollars. You can however fool the system by having 1
hour of "work" represent one unit of your quantity. There is no other
software that does EV on quantities that I'm aware of. You also need to set
up the "rate" for Resource as $1/h then you can see your quantities uses in
EV.

 

[John]

Is it possible to work an earned value method on a work (contract) that is
charging for quantities only and not for hours of work?

Is it possible to use MS project for it?

If not, is there other program that deals with such cases?

dani,
Yes and yes. Project 2003 has a field called Physical % Complete. It was
added to allow just the type of earned value measurement you want, that
is, earned value based on quantity of something complete versus time
based completion.

For more information, check the Project Help file.

John
Project MVP

 

[EVPM]

Rod,

I have a similar problem to Dani. I want to produce EV S-curve and variance
charts in Project Server. However, I want all EV based on Work, not cost.

I would like to have cumulative time phased fields for: Baseline Work,
Actual Work, Actual Work + Remaining Work, and EV(work). Where EV(work) =
(physical % Complete * Baseline Work).

As a next step up in sophistication I would like to be able to produce the
variances and to store BAC and EAC at the status date for each reporting
period (weekly).

EVPM

 

[Hung]

Nitsa,

If you meant a fixed cost per contractor (regardless the number of hours
s/he worked) then set the Per Use Cost value for those resources to be that
cost and chnage Standard Rate to 0