Earned value for construction contracts - Revision history

Designing Buildings at 08:06, 1 October 2020

2020-10-01T08:06:01Z

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	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings at 08:58, 16 September 2020

2020-09-16T08:58:34Z

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	* [https://www.projectcubicle.com/earned-value-management/ Earned Value Management]		* [https://www.projectcubicle.com/earned-value-management/ Earned Value Management]

−	[[Category:Construction_management]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Construction_management]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

103.232.229.4 at 16:39, 9 August 2019

2019-08-09T16:39:13Z

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	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.

−	[[File:~~C link protecting GDV~~.png\|link=http://zpr.io/gk2uH]]	+	[[File:C_link_protecting_GDV.png\|link=http://zpr.io/gk2uH]]

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Designing Buildings at 13:15, 25 June 2019

2019-06-25T13:15:57Z

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	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.
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		+	[[File:C link protecting GDV.png\|link=http://zpr.io/gk2uH]]

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 11:22, 24 May 2019

2019-05-24T11:22:12Z

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	Earned value analysis (EVA), also known as earned value management (EVM), is a technique used to assess project progress by comparing the amount and cost of work that was planned to have been done by a particular stage with the amount that has actually been done and what it has actually cost.		Earned value analysis (EVA), also known as earned value management (EVM), is a technique used to assess project progress by comparing the amount and cost of work that was planned to have been done by a particular stage with the amount that has actually been done and what it has actually cost.

Editor at 10:45, 24 May 2019

2019-05-24T10:45:06Z

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	* [http://www.projectsmart.co.uk/what-is-earned-value.html Project Smart: What is earned value? By Duncan Haughey.]		* [http://www.projectsmart.co.uk/what-is-earned-value.html Project Smart: What is earned value? By Duncan Haughey.]
−	* Brunswick: Project Management in Construction using Earned Value Analysis.
	* [https://www.projectcubicle.com/earned-value-management/ Earned Value Management]		* [https://www.projectcubicle.com/earned-value-management/ Earned Value Management]

	[[Category:Construction_management]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Construction_management]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 10:42, 24 May 2019

2019-05-24T10:42:52Z

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	* Hours worked per week.		* Hours worked per week.
	* Number of workers per week.		* Number of workers per week.
−	* Volume of say concrete per week per person.	+	* Volume of say, concrete per week per person.
	* Units fixed per week per person.		* Units fixed per week per person.

−	These items can be plotted weekly to alert the user to trends and allow them to investigate causes. Furthermore it provides an overall general picture of labour productivity for each monitored operation.	+	These items can be plotted weekly to alert the user to trends and allow them to investigate causes. Furthermore, it provides an overall general picture of labour productivity for each monitored operation.

	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Benchmarking.		* Benchmarking.
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	* Tender documentation.		* Tender documentation.

−	=== External references ===	+	= External references =

	* [http://www.projectsmart.co.uk/what-is-earned-value.html Project Smart: What is earned value? By Duncan Haughey.]		* [http://www.projectsmart.co.uk/what-is-earned-value.html Project Smart: What is earned value? By Duncan Haughey.]

Designing Buildings: Reverted edits by 194.83.80.2 (talk) to last revision by Editor

2018-10-18T20:15:51Z

Reverted edits by 194.83.80.2 (talk) to last revision by Editor

← Older revision		Revision as of 20:15, 18 October 2018
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	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.

−	= Find out ~~moretoenail~~ =	+	= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

194.83.80.2 at 15:40, 18 October 2018

2018-10-18T15:40:25Z

← Older revision		Revision as of 15:40, 18 October 2018
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	Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.		Carrying out this sort of analysis requires that project planning is broken down into packages and that tender documentation is drafted to require contractors to supply the information required.

−	= Find out ~~more~~ =	+	= Find out moretoenail =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

Editor at 12:57, 5 July 2018

2018-07-05T12:57:15Z

← Older revision		Revision as of 12:57, 5 July 2018
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−	Earned value analysis is a technique used to assess project progress by comparing the amount and cost of work that was planned to have been done by a particular stage with the amount that has actually been done and what it has actually cost.	+	Earned value analysis (EVA), also known as earned value management (EVM), is a technique used to assess project progress by comparing the amount and cost of work that was planned to have been done by a particular stage with the amount that has actually been done and what it has actually cost.

	This gives a good indication of how the project is progressing compared to what was planned and enables forecasts to be made about the eventual cost and time that will be required to complete the project.		This gives a good indication of how the project is progressing compared to what was planned and enables forecasts to be made about the eventual cost and time that will be required to complete the project.

−	Typically ~~earned value analysis~~ is carried out for each of the packages that make up the project. Actual outputs are measured against planned outputs (often on a weekly basis) using the units that individual companies use to price and measure work.	+	Typically, EVA is carried out for each of the packages that make up the project. Actual outputs are measured against planned outputs (often on a weekly basis) using the units that individual companies use to price and measure work.

	This provides an opportunity to investigate discrepancies and take remedial action where necessary. It also provides a fairly accurate insight into the financial wellbeing of package contractors and provides early warning of a shortage of resources or of an inefficient use of resources.		This provides an opportunity to investigate discrepancies and take remedial action where necessary. It also provides a fairly accurate insight into the financial wellbeing of package contractors and provides early warning of a shortage of resources or of an inefficient use of resources.