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#PRIMAVERA P6 EPPM HOW TO#
I hope this tutorial provided clear instructions on how to apply Earned Value Management in Primavera. Choose the data you want to draw in the graph. To develop the graphical EVM report, first, click on the “Activity Usage Profile” button.Ģ- Right-click on the diagram and select the “Activity Usage Profile” Option.ģ- You have various options as to how you want to display the graph. In addition to calculating EVM metrics, Primavera P6 also allows you to draw the related EVM graphs. Make sure that you configure the options for calculating ETC at the beginning of the project (before running the updates).īy changing the forecasting method, here are the results: To do so, you need to change the Primavera default settings by:Ĭlick on other options available in Primavera beside PF=1.Ī most common forecasting method is considering the “PF = 1 / Cost Performance Index” option. To have a more accurate forecast for ETC & EAC, you need to take into account the predicted project performance factor (PF). Therefore, -$200 SV means that we are 2 days behind.Ĭost Variance (CV) = EV – AC = $300 – $600 = -$300Ī negative cost variance indicates that the project is over budget.ĬV of -$300 means that we are currently over budget for $300.Īssuming future work is progressing at the planned rate:Įstimate to Complete (ETC) = Budget at Completion (BAC) – Earned Value (EV)Įstimate at Completion (EAC) = ETC + AC = $700 + $600 = $1300 Schedule Variance (SV) = EV – PV = $300 – $500 = -$200Ī negative schedule variance indicates that the project is behind schedule.ġ-day delay for 1 column costs $100. Let me walk you over these metrics quickly: You can add EVM metrics such as “Schedule Variance,” “Cost Variance,” “Cost Performance Index,” “Schedule Performance Index,” “Estimate to Complete,” “Estimate at Completion,” and “Variance at Completion” as separate columns in the activity table. Now you have all the data required to analyze the EVM report. You received a report from the Accounting department which stated $200/ column is spent. How much did it cost to build those three columns? (The answer to this question determines the Actual Cost (AC)) (This value is based on the actual “Performance % Complete” which is not necessarily equal to “Activity % Complete”) How many columns have actually been built? (The answer to this question determines the Earned Value (EV))Īssume that you have received a report from the construction site which stated only 3 columns are completed. Today is the 5th day, so 5 columns should have been completed)Ĭonsidering the cost of $100 per column, Planned Value (PV) is: The Baseline implies that Project’s duration is 10 days. (This value is automatically calculated by using the Baseline you assigned previously. Therefore, at the end of day 5, five columns should have been cast. How many columns should have been built? (The answer to this question determines the Planned Value (PV)) Now assume that it is the end of day 5 of the project: Then select columns in the Earned Value category. To do so, right-click on “Activity Table” -> “Column”. To analyze Earned Value Management, you need to add additional columns to your activity table as displayed below. To do so, go to Project -> “Assign Baselines.” Click on Project Baseline and select your baseline.
Then assign B1 baseline for your project. Resource A is assigned to each activity:įirst, you need to create a baseline for this project.
Let’s use a simple project as an example casting of 10 columns.īelow is the project schedule.
In this tutorial, I will show you how to use Earned Value Management in Primavera P6. Primavera P6 enables you to control project progress and performance using Earned Value Management technique. Wouldn’t it be nice if you can integrate your project cost with the project schedule right within your scheduling software? Have you ever wondered how you could apply Earned Value Management in the Primavera P6 scheduling tool?