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).
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.
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.
- Current period
- Cumulative to date
- At completion
A sample of EV Chart showing Early, Late and Forecast curves.
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