Earned Value Management (EVM) is a practice that contributes to the success of built asset projects of all kinds. EVM is a methodical approach for tracking the cost and schedule relating to a project or programme. The practice compares the current state of the project with the original plans, helping project teams to understand the true status of the project and to make adjustments and changes to ensure the likelihood of success.
Vino consulting captures and collates financial data across project supply chains in real-time, integrating it with EVM capabilities, to combine cost and schedule information to provide a “3D” view of project progress. We enables project teams to create more realistic Earned Value assessments, provide improved certainty over estimates of project completion and to show schedule (SPI) and cost (CPI) performance to compare current performance versus planned progress and planned cost.
Vino Consulting specializes in developing the Earned Value Management System (EVMS) in compliance to the ANSI/EIA 32 guidelines. We also provide EVMS surveillance service as well providing the required training for client personnel onsite as well as off-site. We deliver seminars and webinars on Earned Value Management elaborating its benefits and applications to project management.
Objectives relating to scope, cost and time can be integrated and brought together with baselines plans for performance measurement within the Loma consulting collaboration platform. Integrating data with scheduling tools including P6, MS Project and Asta to enable schedule data to be effectively combined, thus presenting projects with accurate information on achievements to date. Comparisons between budgeted and actual costs with planned and actual progress can be carried out and compared with the schedule moving forward.
A series of standard and configurable inquiry and reporting capabilities present consolidated earned value intelligence, at both summary and detailed levels, helping management deliver more realistic and accurate project and business planning and reducing the potential for the project to experience costly surprises.
In addition, the forecast and scenario planning capabilities enable project teams to use SPI and CPI data to dynamically project both Earned value to completion and Forecast Final Cost. The resulting intelligence can be used to plan cash flows based on early or late completion, as well as Actual Cost to Complete projections.