How do you do earned value analysis in Primavera?
Earned Value Cost is the value of the work performed as of the data date and is calculated as: Earned Value Cost = Budget at Completion x Performance % Complete. In Primavera P6, the method for calculating the Performance Percent Complete technique is selected at the WBS level.
How do I calculate earned value?
You can calculate the EV of a project by multiplying the percentage complete by the total project budget. For example, let’s say you’re 60% done, and your project budget is $100,000 — your earned value is then $60,000.
How do you interpret earned value?
Earned Value (EV), or Budgeted Cost of the Work Performed (BCWP) The earned value management indicates how much work was completed during a given period. It is the budget associated with the authorized work that has been completed. It is derived by measuring actual work completed at a point in the schedule.
How is planned value calculated in P6?
Planned Value Cost (PV) = Budget At Completion * Schedule % Complete. Earned Value Cost (EV) = Budget At Completion * Performance % Complete (usually equal to Activity % Complete) Schedule Variance (SV) = EV – PV.
What is earned value example?
Earned Value (EV) Also known as Budgeted Cost of Work Performed (BCWP), Earned Value is the amount of the task that is actually completed. It is also calculated from the project budget. For example, if the actual percent complete is 25% and the task budget is $10,000, EV = 25% x $10,000 = $2,500.
How is planned value calculated in p6?
What is BAC in earned value?
Budget at Completion (BAC) is a measure that is often used in earned value management to track the actual cost of a project against its forecasted budget. For example, if the project’s BAC is $120,000 and it is 20% of the way done, you would calculate Planned Value by multiplying $120,000 x 20% = $24,000.
How is planned value calculated in Primavera?
Planned Value Cost (PV) = Budget At Completion * Schedule % Complete. Earned Value Cost (EV) = Budget At Completion * Performance % Complete (usually equal to Activity % Complete) Schedule Variance (SV) = EV – PV. SV > 0 : project is good, ahead of schedule.