Optimize your projects with earned value project management

Our solutions are a perfect blend of baseline methods, earned value analysis, and in-depth planning to facilitate better visibility into program performance.

earned value management system

GET IT RIGHT THE FIRST TIME!

Over the years, we have provided business-oriented, earned value project management to ambitious clients who have catered to projects for government bodies, councils, and private sector conglomerates.

We have vast experience spanning almost a decade, and since we do not believe in ‘one size fits all’, we avoid offering off-the-shelf solutions that result in a bleak and over-engineered system.

Compass Consult’s earned value project management experts understand the intricacies of the project and are proficient with the process.

Our Commitment

Compass Consult’s earned value project management experts understand that the success of your project heavily depends on a myriad of decisive factors.

We have a pool of expert consultants who are adept at leveraging EVM in project management and are well-versed in the intricacies of earned value project management.

We are committed to conducting a full:

  • Gap analysis
  • EVM implementation
  • Compliance & assessment
earned value management EVM consultants
Integrated project controls

EVM IN PROJECT MANAGEMENT

EVM is all about benchmarking against a well-defined strategy. This means that in order to implement EVM successfully, you need to have some key fundamentals in place.

The level of detail and overhead needed to implement EVM varies based on a number of components including project size, organizational maturity, contractual requirements, and complexity. Here are some of the fundamentals you need to keep in mind:

  • Organization and the scope of the project
  • Planning, scheduling, and budgeting
  • Accounting for actual costs, not just planned costs
  • Analyzing and reporting on project performance
  • Revisions and data maintenance

HY CHOOSE COMPASS CONSULT’S EARNED VALUE MANAGEMENT SYSTEM?

  • Most enterprises fail to implement and administer an effective earned value management system due to bureaucracy, uncertainty, high costs, or the absence of advanced IT tools.
  • Incorporating an effective EVM system is essential for enterprises focusing on continual improvement, contract compliance, reduced risks, and quicker project delivery.
  • Our solutions are a perfect blend of baseline methods, earned value analysis, and in-depth planning to facilitate better visibility into program performance.
  • Our project management techniques are meticulously designed to offer value management, exemplary project management, measuring project performance, and managing project cost schedules.

earned value management EVM Services

Flexible options tailored to your needs

We’ll Get in touch

Choose from one of our three plans, or we can tailor a solution to your needs.

FIXED

A fixed price for the project/work based on the work to be done. Model is suitable where all project inputs/specs/requirements are defined

TIME & MATERIAL

An hourly rate(s) provided based on the required work to be done. Model works well where all inputs are not readily available

DEDICATED TEAM

Retainer model pricing is based on the type of work and the duration. A dedicated  team works as an extended team of the client

WHAT OUR CLIENTS SAY

Discover our full range of services by downloading our
Capability Statement today.

Case Study

Schneider Electric


Circular Quay Tower (Salesforce Tower)


Client:
Schneider Electric

Contract value: $1.5 Billion

Project Snapshot: 

The Salesforce Tower is a skyscraper under construction in Circular Quay, Sydney, Australia. The building will be the city’s tallest office building at a height of 263.1 metres on its scheduled completion date of mid-2022. It is part of a A$5 billion redevelopment of the Circular Quay precinct, alongside the new buildings of Quay Quarter Tower, One Circular Quay, 56 Pitt Street, Sydney, 200 George Street, the terminus of the new CBD and South East Light Rail and redevelopment of the ferry wharves. The building is being constructed by Lendlease.
Software company Salesforce acquired naming rights to the tower in late 2019 and will occupy 24 levels of the building upon its completion.

Our Scope:

Primavera P6 Programme Consultancy Support for Scheider Electric. Includes Delay and Extension Of Time Claims.

MAAS Civil


Tronox Atlas Mine Project

Client: MAAS Civil

Contract value: $200 Million

Project Snapshot: 

Tronox is planning to commence a fourth mine called Atlas-Campaspe in the Murray Basin. Atlas Campaspe is located 80 km north of Balranald and approximately 270 kms from Broken Hill. Development on the ground commenced in 2018. At this stage, initial clearing along the mine path has been completed and topsoil stripping, in accordance with the environmental plan, is proceeding. Construction at the site and rail siding is planned to commence in early 2019 with production starting in the second quarter of 2022.

Our Scope:

Primavera P6 Programme Consultancy Support for MAAS Civil. Includes Delay and Extension Of Time Claims along with progress updates.

Alimak Group


Sydney Harbour Bridge Project

Client: Alimak Group

Contract value: $29.4 Million

Project Snapshot: 

The NSW Government through Roads and Maritime Services has signed a contract with Manntech in Australia for a vertical access solution project based on BMUs, worth MSEK 170. The BMUs will be designed and manufactured at the Manntech factory in Germany. This is the largest order ever awarded to Alimak Group.
The project covers design, manufacturing, installation and service of two large motorized high complexity gantries spanning the bridge carrying Building Maintenance Units (BMUs), to enable full access for maintenance purposes on the iconic structure.

Our Scope:

Primavera P6 Programme Consultancy Support for Alimak Group. Includes Delay and Extension Of Time Claims along with progress updates.

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Slide


Dupont

The client: DuPont is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder.


The challenge

With a diverse and global network of research centers and manufacturing sites, DuPont has
a dedicated project controls team for each location that manages the entire project portfolio within their sites. Managing project data from different sites across the organization caused a challenge for reporting at an enterprise level causing delayed reporting, manual errors, and mismatches in key resource directories to name a few. It was time to move to a cloud-based solution that would provide a connected, holistic view of the enterprise project portfolio structure and position them for the next stage of growth.


The results

Working in partnership with Compass Consult to enhance their Primavera P6 capabilities
has ensured DuPont now have a centralized Project Controls system on the cloud, this
increases visibility across all site with real-time reporting and dashboard capabilities
while gaining increased efficiencies in resource management and accurately forecasts
project progress and funding requirements

Slide


Dupont

The client: DuPont is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder.


The challenge

With a diverse and global network of research centers and manufacturing sites, DuPont has
a dedicated project controls team for each location that manages the entire project portfolio within their sites. Managing project data from different sites across the organization caused a challenge for reporting at an enterprise level causing delayed reporting, manual errors, and mismatches in key resource directories to name a few. It was time to move to a cloud-based solution that would provide a connected, holistic view of the enterprise project portfolio structure and position them for the next stage of growth.


The results

Working in partnership with Compass Consult to enhance their Primavera P6 capabilities
has ensured DuPont now have a centralized Project Controls system on the cloud, this
increases visibility across all site with real-time reporting and dashboard capabilities
while gaining increased efficiencies in resource management and accurately forecasts
project progress and funding requirements

Slide


Dupont

The client: DuPont is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder.


The challenge

With a diverse and global network of research centers and manufacturing sites, DuPont has
a dedicated project controls team for each location that manages the entire project portfolio within their sites. Managing project data from different sites across the organization caused a challenge for reporting at an enterprise level causing delayed reporting, manual errors, and mismatches in key resource directories to name a few. It was time to move to a cloud-based solution that would provide a connected, holistic view of the enterprise project portfolio structure and position them for the next stage of growth.

Slide


Dupont

The client: DuPont is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder.


The challenge

With a diverse and global network of research centers and manufacturing sites, DuPont has
a dedicated project controls team for each location that manages the entire project portfolio within their sites. Managing project data from different sites across the organization caused a challenge for reporting at an enterprise level causing delayed reporting, manual errors, and mismatches in key resource directories to name a few. It was time to move to a cloud-based solution that would provide a connected, holistic view of the enterprise project portfolio structure and position them for the next stage of growth.


The results

Working in partnership with Compass Consult to enhance their Primavera P6 capabilities
has ensured DuPont now have a centralized Project Controls system on the cloud, this
increases visibility across all site with real-time reporting and dashboard capabilities
while gaining increased efficiencies in resource management and accurately forecasts
project progress and funding requirements

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FAQs

What is Earned Value Management (EVM)?

EVM helps project managers measure the performance of their projects. It helps find variances systematically based on comparisons of work planned and work performed. It’s a useful tool for project forecasting and is used for cost and schedule control.

What are the three earned value methods?

When evaluating your project performance there are 3 earned value methods to consider:

  • Earned Value Methods for Discrete Effort or Measurable Effort
  • Apportioned Effort Earned Value Method
  • Level of Effort Earned Value Method (LOE)

What is an EVM example?

Imagine you’re building a hydropower plant and the project is estimated to cost $1,000,000 with an estimated completion period of 1 year. The project has already been running for 6 months costing $570,000. EVM helps you calculate the Planned Value (PV), Earned Value (EV), and Actual Cost (AC).

What are the three basic metrics of Earned Value Management?

The metrics that EVM takes into consideration are Planned Value (PV), Earned Value (EV), and Actual Cost (AC). Think of these metrics as helping you measure project performance.

Why are EVM tools important for construction projects?

EVM tools integrate scope, schedule, and cost to assess project performance and progress. They indicate how well a project team is progressing or performing in a construction project when measured against their original project plan.

How can leveraging EVM in Primavera P6 optimize project outcomes?

Primavera P6 has robust EVM features, which are suitable for large and complex projects, providing advanced capabilities for scheduling, cost control, and performance measurement. It helps project managers to come up with a contingency plan in the event that their project performance and progress do not match up to their original plan.

Ask Our Experts

If you have any questions on Primavera P6 that you need advice on we would love to hear from you, Please complete the form below and a product expert will be in touch in 60 minutes.

ASK OUR EXPERTS