Ryan P6 Services Pty Ltd

ABN: 83 157 924 224

Earned Value Analysis

Earned value (EV) is one of the most sophisticated and accurate methods for measuring and controlling project schedules and budgets. Earned value has been used extensively in large projects. We are strong supporter of the earned value approach because of its ability to accurately monitor the schedule and cost variances for complex projects.

Although it is sophisticated, earned value can be scaled to be appropriate for any size of project. The key is in the project planning.

There are three primary advantages to using earned value:

1. Accuracy in reporting

2. Ability to deal with the uneven rate of project expenditures and work

3. The early warning it provides project managers, allowing them to take the necessary corrective action should the project be spending more money than it is physically accomplishing

Without a comprehensive earned-value process, troubled projects can spiral out of control before anyone even recognizes a problem. Our Services add extensive earned-value capabilities, helping project managers better manage project costs; measure earned value; and analyze budget, actual, forecast, and performed costs. Our Earned Value Analysis, we can generate the statistically accurate estimates needed to understand and communicate project performance while there is still time to address and deal with issues.

We can create an effective project portfolio management process that

· Aligns the project portfolio with strategic business objectives

· Completes projects faster and more efficiently through role-based alignment

· Accurately measures both cost and schedule performance

· Analyzes and presents project performance data

Increases program visibility through effective and streamlined communication with all stakeholders.