Actual cost and Earned value cost

K
Kannan CP 👤 Member for 18 years

Hi,

In my cost loaded schedule, the actual cost is showing some value higher than the earned value cost. So after each update to fix the problem, i make the actual cost similar to the earned value cost.

Is there any option to get the actual value similar to the earned value, based on the activity % progress.

Thanks in advance.

Regards

Kannan

J
Jenny Ingco 👤 Member for 14 years 5 months

Kannan,

The Actual Cost= Invoices Paid+Invoices Acrrued - Disallowed Costs...

EV= % of the Total budgeted cost...

So, they both are diffrent values and can't be same.

 

Thank you,

 

HASAN

A
Anning Sofi 👤 Member for 14 years 4 months

 

That would be helpful to know there is a shorter way to have EV cost similar to actual cost.

As we all know,  EV cost is based on %performance complete x budget cost. Actual cost is calculated on %complete x budget, BUT in this case, %complete maybe based on units, physical or duration, depending on settings of the duration type for each activity. The % performance complete is not necessarily the same as the %complete based on units, physical or duration; hence the difference in values for EV and actual costs.

Raymund, Tools -> update progress may not work in the objective. Try it, as we had, and it didnt yield the same cost for EV and actual cost.

 

 

A
Aldrin Morallos 👤 Member for 15 years

Kannan,

For me, you cannot make the same result between Earned and Actual Value in P6 unless otherwise you formulate it.

 

Thanks.

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