Project Management

Earned Value Management – S Curve

TechConsults

Earned Value Management - S Curve

Project Management- SK 22

 

S-Curve and project Management

S Curve is used for planning, monitoring, controlling, analyzing, and forecasting project’s status, progress, & performance over time and can be used to find the historical trends in project development

A project when planned, needs money for its execution, along with the requirement for other parameters (Man, Material, Money, Methods, Motivation, Management Etcetera). The project activities / tasks are sequenced as per requirements on time line of the project. The Work Breakdown Structure (WBS) breaks the activities / tasks into small components for different units to work on them, and as such the cost aspects of the works are ascertained (determined in scientific manner / observations).

 

With the help of WBS and the schedule it is ascertained how much money is required periodically. Mostly in all the project the pace of work starts slowly in the starting phase of the project. After that the speed of execution of project increases and this stage continues for most of the project work to get completed. In the closing stage of the project the pace of work slows down, and the project gets completed after some time.

The requirement of fund is therefore analogous to the pace of work.Let us consider the project period of 12 months. The money required as described above is tabulated as monthly requirement or fund flow requirement or the planned requirement of project work.

The table below shows the monthly and cumulative fund flow requirement.

Months

Monthly Expenses

Cumulative Expenses

January

70

0

February

200

270

March

400

600

April

800

1400

May

1600

3000

June

2000

5000

July

3000

8000

August

4500

12500

September

2000

14500

October

1000

15500

November

500

16000

December

300

16300

January

0

16300

 

The graph between the cumulative fund flow and project time line is given below. The curve generated as such is a Sigmoidal Curve (Mathematically) and has a shape resembling the letter ‘S’. Hence is called S-Curve. Its use is also in business and other operations along with life sciences. The curve shown below is a S–Curve

S-curve is an important management tool in project management. This represents project fund flow and may be revised during project period based on approved changes. S- curve is based on planned expenses. Actual expenses (AC) are plotted along with earned values (EV) on time scale. The graphical analysis of the plotted curve data gives three important data at particular time as follows:

PV= the planned value (S-Curve)

Ac= the actual money spent

EV= the value of work done.

The curves of AC, PV, EV may further be analyzed to get the following data:

Schedule Variance (SV)

Cost Variance (CV)

Budget at Completion (BAC)

Schedule Performance Index (SPI)

Cost Performance Index (CPI)

Estimate To Complete (ETC)

Estimate At Completion (EAC)

To Complete performance Index (TCPI)

General-Blog posts from Tec Consults shall be based on the topics given in the ‘JOIN US’ page, but not limited to available list of topics on the http://techconsults.in. Viewers are now free to join TecConsults and can contact sksaxena@techconsults.in and  info@techconsults.in  for their suggestions for managing the main and sub topics.                                                SK Saxena                                                              

TechConsults – BLOG POST DETAILS
S No.
POST
Catagory
WEB LINK
REFE.
Date
1
General – Workplace Enviroment
 
EI 1
https://techconsults.in/general-workplace-enviroment/
SK 1
Aug 3, 2018
2
Emotional Intelligence at Workplace 1/2
EI 2
https://techconsults.in/emotional-intelligence-at-workplace-1-2/
 
SK 2
Aug 12, 2018
3
Emotional Intelligence at Workplace 2/2
 
EI 3
https://techconsults.in/emotional-intelligence-at-workplace-2-2/
 
SK 3
Aug 17, 2018
4
Process Developement Supports – Fitness & Emotional Intelligence
PM 1
https://techconsults.in/process-developement-supports-fitness-emotional-intelligence/
 
SK 4
Aug 30, 2018
5
Project Management Framework Essentials – 1
PM 2
https://techconsults.in/project-management-framework-essentials-1/
SK 5
Sep 4, 2018
6
Project Management Framework Essentials 2
 
PM 3
https://techconsults.in/project-management-framework-essentials-2/
 
 SK 6
Sep 12, 2018
7
TechConsults Professional and Social responsibility
PM 4
https://techconsults.in/techconsults-professional-and-social-responsibility/
SK 7
Sept, 18, 2018
8
Management Skills to Manage Unlawful Actions
PM 5
https://techconsults.in/management-skills-to-manage-unlawful-actions/
SK 8
Sep. 19, 2018
9
Water Quality for Consumption & Construction — Part 2
Q 1
https://techconsults.in/water-quality-for-consumption-construction-part-2/
SK 9
Oct 4, 2018
10
Water Quality for Consumption & Construction———(part 1)
Q 2
https://techconsults.in/water-quality-for-consumption-construction-part-1/
 SK 10
Oct 12, 2018
11
Project Manager
 
PM 6
https://techconsults.in/project-manager/
 
SK 11
Oct 18, 2018
12
Organizations
PM 7
https://techconsults.in/organisations/
SK 12
Oct 15, 2018
13
The Role of Project Manager
PM 8
https://techconsults.in/the-role-of-project-manager/
 
SK 13
Oct 24, 2108
14
Project Organizations
 
PM 9
https://techconsults.in/project-organizations/
 
SK 114
Nov 10, 2018
15
Project Completion Report Format
 
PM 10
https://techconsults.in/project-completion-report-format/
 
SK 15
Nov 28, 2108
16
Health Safety Security Environment at Construction Projects
 
HSSE
https://techconsults.in/health-safety-security-environment-at-construction-projects/
SK !6
Dec 13, 2018
17
Health Management at Construction Projects
 
HSSE 2
https://techconsults.in/health-management-at-construction-projects/
SK  17
Dec 15, 2018
18
TechConsults – Environment Management at Construction Projects
 
HSSE 3

TechConsults – Environment Management at Construction Projects

SK 18
Dec. 27, 2018
19
Fitness – For Workplace and Wellness
 
Fitness

Fitness – For Workplace and Wellness

SK 19
Jan 1, 2019
20
Today’s Fit Children, Tomorrow’s Healthy Adults.
 
Fitness

Today’s Fit Children, Tomorrow’s Healthy Adults.

RS 20
Jan 11, 2019
21
Project Closure Report
 
PM

Project Closure Report

SK 21
Feb 13, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.