Project Management

Please login or join to subscribe to this thread

How to apply Earned Schedule in Time and Material Contracts?

linkedin twitter facebook   Construction   Earned Value Management   Scheduling  
avatar
Tejas Sura Managing Director| Cubic Turnkey Private Limited Mumbai, Maharashtra, India
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:
avatar
Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
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.
avatar
Tejas Sura Managing Director| Cubic Turnkey Private Limited Mumbai, Maharashtra, India
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.
avatar
MARK A ANNUNZIATA, Sr VP/EXPERT CONSULTANCY TO THE CONSTRUCTION INDUSTRY| ROMAN STRUCTURES, INC WELLINGTON FL Dammam, Eastern Province, Saudi Arabia
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.
avatar
Tejas Sura Managing Director| Cubic Turnkey Private Limited Mumbai, Maharashtra, India
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

"How can you govern a country which has 246 varieties of cheese?"

- Charles DeGaulle

ADVERTISEMENT

Sponsors







Vendor Events

See all Vendor Events

Newsletters

Jun 3: The Career Problem Facing New PMs
May 20: Your PM Career as a Project Life Cycle
May 13: The Big Lie After Layoffs

See all newsletters