Performance % Complete
Forum Sponsor
Top Posters
Nick Johnson-Pond
3 posts
sairedz25
0 posts
Ahmed Awad
2 posts
Syed Shoeb
0 posts
Vimukthi
0 posts
bal aji
2 posts
Lee Mallek
23 posts
Viet Tran
9 posts
Ola Gbotoso
0 posts
Jaturapit Multongka
1 posts
Hi
If you using Performance % Complete as well as Steps
your % complete will base on your step completion
If you only using performance % comp then it is a value entre by you of your estimated completion of the activity
HTH
Alex
Hi Niles Luo,
Performance % complete is the earned value of any activity.Earned value can be based on quantities, cost mhrs etc.
In P3e if you are using performance % complete, it is better to base on the cost in updating the activity % percentage complete as P3e only uses cost in summarising the percentage at different WBS or activity code level.
I hope it clarifies.
Cheers.
Dinesh
SPI = BCWP/BCWS.....not ACWS..this does not exist!
I would like to correct the following
Schedule Variance = BCWP-BCWS
Cost Variance = BCWP-ACWP
Schedule Performance Index (SPI) = (BCWP/ACWS)
CostPerformance Index (CPI) = (BCWP/ACWP)
display the WBS Window and click the earned value tab
choose the technique for computing the performance % complete
which is consider to calculate earned value
earned value = budget at completion * performance % complete
Which, whilst correct, doesnt address the original question.
Earned Value Measurement System (EVMS) is a rational method for Measuring Performance that can help the Project Teams manage their work more effectively by:-
1)Anticipating problems before they become acute
2)Using factual data to understand what is happening
3)Recognizing trends and correcting them
4)Applying lessons learned to improve future performance
5)Preventing Margin Slippage.
Here Are The Earned Value Terminology:-
BCWS = Budgeted Cost of Work Scheduled=Planned Value
BCWP = Budgeted Cost of Work Performed=Earned Value
ACWP = Actual Cost of Work Performed= Time Charged
Schedule Variance = BCWP-BCWP
Cost Variance = BCWP-ACWP
Schedule Performance Index (PI) = (BCWP/ACWP)
CostPerformance Index (SI) = (BCWP/BCWS)
Hope i am clear.
Define your interpretation of "Performance"