Updated: Jan 7, 2021
Earned Value indices are a great approach to evaluate the project performance. But what you will do when the time analysis is not matching the earned value output?
It is real, and it is happening.
“Irrespective your data analysis and how logic they are, still you need to make sense of it. You may have a great analysis, but your employer may not get it!"
You are a professional planner or an experienced project controller. You did your analysis by diving into the project details and numbers, then you find your self in a position to justify inconsistency of a correct information.
Earned value analysis is this method which provide the time unit ahead/behind the project completion date for a project based on a pure analysis for only the earned value/planned value curves.
what is going wrong?
I had this moment when I was presenting a Project's progress status to a Client. I told my statement that the project has recorded 0 delays; however, the SPI recorded 0.74, which shows that the project is behind the schedule.
Such controls figures use to be met by many inquiries about how these inconsistencies could be realistic in planning world; therefore, I had to clarify that such numbers have resulted because the contractor has focused only to catch the planned dates of the critical activities and he left behind to work on the non-critical activities or those which own a total float.
the Project's owner told me "It seems that what you are saying makes a lot of sense to you, but I simply need to know whether I will be able to open my business on time or not?"
How it works?
The projection of the earned value into the planned curve is resulting a point on the planned curve where the projection of this point into the time measure axis will translate the earned value into an equivalent time unit which represent the time against the real earned value.
What is the issue behind it?
I believe that many professional planners have met the same situation when they needed to match the earned value with an equivalent time unit, and I see that Earned Schedule Analysis Method could create this match between them; however, I still listen to those who do not believe in such method to get an accurate result about the real delay of the project. I still believe that there is a method which provides a clear matching between the earned value and the time units.