I am on a project and I need to show cost graphs/reports.
I usually do EV but the EV on this project has not been planned correctly and they wont do a rebaseline. They did not follow EV planning rules at all. Tasks are real high level spanning a year or more. Also, the current PMB is not valid due to scope change but they want cost graphs ran against it to manage. The tasks in the schedule were loaded with a flat cost for total resources and not manpower loaded.
With a good cost integrated schedule I can show the EV graph with BCWS,BCWP,ACWP, then show the schedule. This tells the story of what is going on. I do not have this traceability on this project but they want charts to show manpower req, costs, what if costs, trends, etc.
What charts do you recommend I compile ? Saving Changes...
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Josh NankivelEngineering Project Manager| AppleSioux Falls, Sd, United States
Hmm. Well if you don't have a baseline to go from, you can't do BCWS or BCWP for anything in the past.
My suggestion would be to show ACWP for the past periods, and going forward you need to push them to establish a baseline. Only then can you get meaningful EV-style metrics and come up with an EAC/ETC.
Your cost curve and human resource requirement curve will be identical and both tend to look like a normal distribution curve.
Best Regards,
Vivekanandan M Saving Changes...
Anonymous
Hi,
BCWS, BCWP,etc, mean nothing to management and your sponsors. Yes, you need to do Earned Value tracking for your project but you must re-word these -non-user-friendly' words to planned $/work, actual costs and work completed. I am in senior management and know that my colleagues won't understand these terms.
Maybe just track you planned, versus actuals ina spreadsheet and then do subjective estimates for % complete and go from there to calculate earned value. Saving Changes...
Rakesh TrivediSenior Project Manager| IT CompanyIndore, Mp, India
I would advice to show planned vs actual for Budget , Effort , resource utilization and other required areas. May be you can plan to use Spread sheet because that is fundamental if not using any specific tools. Saving Changes...
