You can create multiple earned value sheets per project or CBS-based shell. Each sheet can have any schedule sheet in the Schedule Manager as the source for the calculations. Each sheet can include multiple curves, including those listed here.
- BCWS (Budgeted Cost of Work Scheduled)
This is the curve of the budget for the project. The budget can be based on cost or on unit of measure. In terms of cost, it is the total planned budget for the project. Contributors to this cost can be labor, material, equipment or any other cost. In terms of units of measure, it is the total units needed to complete the project. Units can be hours, linear feet, etc., depending upon the activity and the resources that are assigned to an activity.
Note: This option is unavailable (greyed out) when shell Schedule Type = Resource Loaded or Cost Loaded.
- BCWP (Budgeted Cost of Work Performed)
This is the means of assessing performance against the planned budget. It can help you determine whether you are behind, ahead of or on schedule. The budget is based on what you have planned for the schedule, so if the schedule slips, it affects the budget. BCWP calculations are based on the schedule sheet and captured from the progress log for activities and resources.
Note: This option is unavailable (greyed out) when shell Schedule Type = Resource Loaded or Cost Loaded.
- ACWP (Actual Cost of Work Performed)
These are actual costs incurred to perform project-related activities, such as payments to subcontractors or purchase of materials. If your actuals are higher than the budget, you may be over budget. If your actuals are under the budget, it is possible contractors are not submitting invoices.
- EAC (Estimate at Completion)
This refers to the final cost of any other key quantity (for example, hours, feet of material, or other quantity) associated with any work breakdown structure (CBS).
- Custom curves
Create custom curves to generate Forecast, ETC, and others.
Curve | Source = Cost Sheet | Source = Schedule Manager |
|---|---|---|
BCWS | Derive budget data from a Cash Flow curve | Derive budget data from an active schedule |
BCWP | Derive budget data from a Cash Flow curve | Calculate based on earned progress and earned amount information captured on schedule sheet activities |
ACWP | Select Actual Costs from a Cash Flow curve or a Business Process Cost Sheet Column | Select Actual Costs from a cash flow curve or a BP cost sheet column |
EAC | Not applicable. | Calculate forecast from actual completion information |
Work package names appear on the sheet if the source is schedule manager, and one or more schedule sheets associated with EV curves are linked to a work package.
Note: The Source = Cost Sheet option is available for Unifier Shells that are integrated with P6. The option Source = Cost Sheet is not available for other Shell instances.