You will use the cost axis on the right side (not the left one). Now you can see the Earned Value diagram. Right click on the diagram and select Activity Usage Profile OptionĬheck in option as display in below picture However you have to configure this option at the beginning of project (before update anything). So we can change the way Primavera calculate by : Then we can show “Estimate to Complete” and “Estimate at Completion”Īccording to PMI standard, we should take CPI into account to calculate these 2 values. It means we are currently over budget 300 $. So it means we are late 2 days.Ĭost Variance CV = EV – AC = 300 – 600 = -300 $Ī negative number indicates that the project is over budget. Schedule Variance SV = EV – PV = 300 – 500 = -200 $Ī negative number indicates that the project is behind schedule.ġ day for 1 column for 100 $. Then we can show “Schedule Variance” and “Cost Variance”. We receive report from Accountant department and it said 200 $ / column.
How much did it cost to build those three column? (This is Actual Cost) (This is value based on the Performance % Complete which is equal to Activity % Complete by default) We receive report from construction site and it said only 3 columns finish. How many column have actually been built? (This is the Earned Value) Baseline said that Project’s duration is 10 days, today is 5th day, so 5 column should be completed) (This value is automatically calculated by using Baseline we assign previously. How many column should have been built? (This is the Planned Value) We can show columns as display in below picture to analyze Earned Value Management. Click on Project Baseline and select our baseline. We will assign this baseline for our project. Click on Add and OK to create a baseline. We have a simple project to finish casting 10 column.įirst we have to create baseline for this project. This article addresses the concept of Earned Value Management and how it works in Primavera P6 by going through the example below. Primavera provides a method named Earned Value Management technique to control project performance.
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