The Earned Value sub-node (Cost Manager > Earned Value in the left Navigator) provides quantitative tracking information about project or shell status using earned value analysis. It provides specific numerical measurements for reviewing progress as the project or shell team advances through the work tasks allotted to the project or shell schedule.
The module helps project or shell managers track whether projects or shells are on schedule and on budget. It provides accurate and consistent methods to estimate the percent of budget spent, percent of work done, and percent of time elapsed.
Earned value analysis is an industry standard designed to help project managers quantify project performance through:
- Measuring project performance and progress
- Analyzing schedule and budget variances
- Forecasting schedule and cost overruns
In Unifier, the earned value sheet always represents data by CBS code. Earned value calculations depend on the Company Cash Flow, and can optionally include activities on the Schedule Sheet. Users can also view a graphical representation of Earned Value, Budget at Completion (BAC) and Actual Cost.
Available in Unifier standard projects and CBS-based shells, you can create any number of earned value sheets. Data collection source have different settings and prerequisites.
When the source is the schedule manager:
- The detail-level selection display schedule sheet activity progress.
- The summary-level selection compares rows from other earned value sheets.
- Unifier users progress dates to calculate BCWS, BCWP, ACWP, and EAC.
- Progress dates are calculated as of the current date. In a schedule imported from Primavera, Unifier retains the Current Data Date entry as the latest progress date. This date may be a future date that you might use in project modeling. Unifier will calculate curves up to the entered date.