EVMS

At Javelin, we developed the Earned Value Management System (EVMS) to integrate the project chain functions. The flowchart below shows the two functions Project Estimate & Control (engineering function) and Project Office function (cost & accounts).

EVMS 5

Project chains functions that may interact at various levels leading to management and financial decisions.

At Javelin we have numerically integrated above functions into a simple model, which generates EV reports to support the management decision-making process.

EVMS 2

Reporting of results is typically through EV Report Card at design intervals of system update accompanied by relevant project EV S-Curves and charts.

Typical reporting provides information in three sections.

EVMS 3

A sample of EV Chart showing Early, Late and Forecast curves.

For more details regarding EVMS please refer to our service brochure.

EVMS Earned Value Management System

© 2012 Javelin Associates Pty Ltd – All rights reserved

Simple and logical Javelin programs helped us to win a major Expert Determination, by demonstrating delays and entitlement to extension of time. The analytical strength of the programs was an important factor in convincing the Expert that we had in fact been delayed and were entitled to the claim and subsequent recovery of costs.

 

 

 

– Russell Denny, Special Projects Manager, Wagstaff Piling P/L