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  • Earned Value - Project Management

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    th5sh7ot
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    A project baseline is prepared in the start of the project depending upon the realistic time duration and logical sequencing of the activities. An update on set time intervals (usually weekly or monthly) is prepared in terms of progress measured on selected criterion. Progress is measured on the basis of the bill that contractor claim to client e.g., if as per site engineer and contractor agreement they have made a progress of 100 $ for concrete, the overall cost of concrete is 200$ they have achieved 50% of the activity

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    Earned Value_Project Management

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    A project baseline is prepared in the start of the project depending upon the realistic time duration and logical sequencing of the activities. An update on set time intervals (usually weekly or monthly) is prepared in terms of progress measured on selected criterion. Progress is measured on the basis of the bill that contractor claim to client e.g., if as per site engineer and contractor agreement they have made a progress of 100 $ for concrete, the overall cost of concrete is 200$ they have achieved 50% of the activity

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    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    1K visualizações4 páginas

    Earned Value - Project Management

    Enviado por

    th5sh7ot
    A project baseline is prepared in the start of the project depending upon the realistic time duration and logical sequencing of the activities. An update on set time intervals (usually weekly or monthly) is prepared in terms of progress measured on selected criterion. Progress is measured on the basis of the bill that contractor claim to client e.g., if as per site engineer and contractor agreement they have made a progress of 100 $ for concrete, the overall cost of concrete is 200$ they have achieved 50% of the activity

    Direitos autorais:

    Attribution Non-Commercial (BY-NC)
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
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    A project baseline is prepared in the start of the project depending upon the realistic

    time duration and logical sequencing of the activities, which shows the start and finish dates

    of the work. An update on set time intervals (usually weekly or monthly) is prepared in

    terms of PROGRESS measured on selected criterion. The progress planned in baseline and

    actual progress worked out is compared, also the project delay in critical path is

    investigated. If required crashed schedule is formed (without touching sequence only

    durations decreased with increased resources). It is often considered perplex to set the

    parameter for measurement of progress some time. However, two major methods are used

    as under,

    2. Progress in terms of time measurements

    1.Ê Progress in terms of tangible payable items (like for construction concrete,

    excavation etc.) often termed as ´physical progressµ. Normally due to complexity

    of measuring quantities and their part in overall project, earned value concept is

    used in which at the start of the project a payment schedule is formed, showing

    realistic price as in the over all project. And the progress is measured in financial

    achievements of the project.

    Earned value is measured on the basis of the bill that contractor claim to client e.g., if

    as per site engineer and contractor agreement they have made a progress of 100 $ for

    concrete, the overall cost of concrete in project is 200$ they have achieved 50% of the activity.

    The project cost is 500$ then they have achieved 20% of the project completion.
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