Hi,
Pls can anyone tell me how to apply earned value analysis to field ops on oil and gas.
We hold a monthly meeting and all that is shown is what was bugdeted and what was spent. there is no mention of what was achieved.
I understand that the kinda activities are quite not same as EPC.
Cheers
Hi, Bobo Kay.
Sorry to disappoint, but there really is NO way to perform earned value analysis without knowing what has been achieved.
Let us imagine that we are going on a 200 mile car trip. We expect it to take four hours. We have exactly nine gallons of gas in the car. The first 100 miles are uphill and we expect to get 20 miles per gallon. The second 100 miles are flat, and we expect to get 25 miles per gallon.
After two hours, we have used exactly 5 gallons. But unless we know how many miles we have driven, we have no idea if we are:
Your organization needs to:
Hope that helps.
Fraternally in project management,
Steve the Bajan