(EVM-2758) Structuring a Schedule and Cost System (Generic) for an Integrated Cost/Schedule EVMS
Author(s)/Presenter(s): Charles D. Blankenbiller
Time/Location: Sunday, June 24 from 1:00pm to 2:00pm / Regatta AB (4th Floor)
[Level: Basic] Many Project Controls Organizations use a separate cost and scheduling software. A common code is the typical process used to relate the two systems and be able to get Earned Value Metrics from a common system. The development of this code takes communication. A well-structured code can add flexibility, conformance, and easier integration. This presentation will outline some best practices for accomplishing this code development.
This presentation will also provide examples for other processes to consider; change control, additional schedule coding, schedule health, and others. Change control is essential to properly correlate baseline and current schedules as well as cost budgets and actual costs to date. Additional schedule coding can allow for flexibility in analyzing performance. Schedule health is essential for confirming that data has integrity as well as other processes to integrate cost and schedule.
(EVM-2794) Forecasting Project Completion Date Using Earned Schedule and Primavera P6
Author(s)/Presenter(s): Asaad Al-shaheen
Time/Location: Sunday, June 24 from 2:15pm to 3:15pm / Regatta AB (4th Floor)
[Level: Basic] Forecasting a project completion date based on project performance is an essential and ongoing task for the schedulers during the construction phase. Earned Schedule (ES) is an innovative forecasting technique that is derived from and is an extension to Earned Value Management (EVM). Research shows that ES outweighs EVM in terms of forecasting a project end date. Although several institutions have widely acclaimed and adopted ES, Oracle Primavera P6 does not support the calculations of ES. This paper presents a method that implements ES concepts on the activity level using the advanced features of Primavera P6. The method suggested applies the concepts of ES to predict the remaining duration of activities in progress based on EVM information. It then uses these predictions to determine the project completion date. This method takes the Critical Path Method (CPM) into account in the forecasting process. In addition, this method helps primavera P6 users benefit from ES indicators as a management tool.