Actual cost and Earned value cost

Submitted by Kannan CP on
Oracle Primavera - PM6

Member for

13 years 9 months
Member for 13 years 10 months
Submitted by Hanson2012 on Sun, 2012-05-20 14:33
Permalink

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

Member for

15 years 11 months
Member for 15 years 11 months
Submitted by Raymund de Laza on Sat, 2012-05-19 10:16
Permalink

Anning,

It works....

 

[[wysiwyg_imageupload:1064:]]

Member for

13 years 9 months
Member for 13 years 9 months
Submitted by anningsofi on Sat, 2012-05-19 09:44
Permalink

 

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.

 

 

Member for

15 years 11 months
Member for 15 years 11 months
Submitted by Raymund de Laza on Sat, 2012-05-19 06:10
Permalink

Kannan,

Use Tool... Update Progress.

Member for

14 years 5 months
Member for 14 years 5 months
Submitted by aldrin morallos on Sat, 2012-05-19 03:34
Permalink

Kannan,

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

 

Thanks.