Primavera P6 Value Management

Earned Value Management compares project current actuals against project baseline schedule values. The best way to measure the project's true performance status is by comparing actuals to date to the approved baseline. A project KPIs can be measured from cost or labor units/hours. A project’s progress can be well justified if cost is also considered accordingly. If we say the project has achieved 60% of actual progress against 40% of planned progress, this may look very nice. But, if the same project has already spent 80% of the total cost for 60% of progress, then we may not be [...]