EARNED VALUE ASSESSMENT
DP3 employs earned value management systems to critique and measure construction progress. With earned value management in place, we can assist the client or the contraction manager/general contractor in monitoring cost and schedule performance. We will identify whether a project is behind/ahead of schedule and under/over budget. Earned value management overlaps with CPM scheduling services to ensure that the budget and the project schedule are monitored together and evaluated for discrepancies.
Between job cost estimates, building a work breakdown structure, and submitting an initial schedule of values – it’s easy to set out a plan for success. Project planning is important, but without value management, it is near impossible to gauge project cost control and budget/scope creep.
By constantly keeping an eye on both the actual cost of work performed and the earned value of the project, it’s easier to anticipate any potential issues. We assist our clients in developing, monitoring, and measuring the following cost and schedule parameters:
EARNED VALUE MEASUREMENTS
• Budgeted Cost of Work Scheduled
• Budgeted Cost of Work Performed
• Actual Cost of Work Performed
• Cost Variance
• Schedule Variance
• Cost Performance Index
• Schedule Performance Index
