Project Management

Project Management Central

Please login or join to subscribe to this thread

Topics: Construction, Earned Value Management, Scheduling
How to apply Earned Schedule in Time and Material Contracts?
Earned Schedule is a concept that is a well-accepted method for time management. Has anyone implemented this on Time and material contracts like unit rate contracts? If yes, how?
Sort By:
Yes. In fact, in my personal experience, is better than using earned value. Perhaps I did not understand your point but in my case there is not problem to implement it "as-is". it does not depend of the contract type. It depends on if your focus is cost (earned value) or it is schedule.
...
1 reply by Tejas Sura
May 10, 2020 12:48 AM
Tejas Sura
...
Thanks! The focus would be both cost and schedule.
May 08, 2020 1:36 PM
Replying to Sergio Luis Conte
...
Yes. In fact, in my personal experience, is better than using earned value. Perhaps I did not understand your point but in my case there is not problem to implement it "as-is". it does not depend of the contract type. It depends on if your focus is cost (earned value) or it is schedule.
Thanks! The focus would be both cost and schedule.
My experience has taught me to separate the Theoretical Schedule (made by P6 schedulers with scheduler skills that do not usually match closely with the Actual field activities.
In my opinion, Earned Value is reality. Hopefully, your Project Manager has matched the Schedule of Values accurately to the Stage Gates/Sequence of Operations to match the expenses and Income for the Project. This review and negotiation usually occurs just prior to Contract Execution, and hopefully makes your Progress Payments a Smooth Ride (my PMP technical term!)
From the Trenches!
M
...
1 reply by Tejas Sura
May 15, 2020 11:58 AM
Tejas Sura
...
Mark, Thanks for your view and inputs. Appreciate it.
May 11, 2020 2:19 PM
Replying to MARK A ANNUNZIATA, Sr
...
My experience has taught me to separate the Theoretical Schedule (made by P6 schedulers with scheduler skills that do not usually match closely with the Actual field activities.
In my opinion, Earned Value is reality. Hopefully, your Project Manager has matched the Schedule of Values accurately to the Stage Gates/Sequence of Operations to match the expenses and Income for the Project. This review and negotiation usually occurs just prior to Contract Execution, and hopefully makes your Progress Payments a Smooth Ride (my PMP technical term!)
From the Trenches!
M
Mark, Thanks for your view and inputs. Appreciate it.

Please login or join to reply

Content ID:
ADVERTISEMENTS

Tell me whom you love, and I will tell you who you are.

- Houssaye

ADVERTISEMENT

Sponsors