Performance and Analysis Cycle as Part of EVMS Implementation
Once the project baseline is established, it is important to establish a consistent and disciplined weekly or monthly performance measurement and analysis business rhythm. Typically the activities outlined below would be included in an implementation process. H&A consultants can provide assistance with:
- Assessing how completed work is determined including any complementary back up documentation
- Capturing current status including schedule progress and calculating earned value
- Establishing the process and system interfaces to capture actual costs and estimated actual costs
- Establishing the process to capture subcontractor performance and actual cost data
- Developing the estimates to complete (the remaining work) and estimates at complete (actual to date plus estimates to complete)
- Incorporating approved changes into the schedule and cost baseline
- Producing internal schedule and cost performance analysis reports and metrics
- Producing formal customer reports including the IMS and Contract Performance Report (CPR) formats
- Auditing and reconciling the CPR data
- Preparing variance analysis reports (VARs)