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Level: Basic
TCM Section(s):
9.2. Progress and Performance Measurement
10.1. Project Performance Assessment
Venue: 2020 AACE International Conference & Expo
Abstract: It is all too common for teams on projects experiencing poor earned value performance, early in the project, to report a forecast on target due to improvements expected from mitigation efforts.The inability to recover may happen sooner than personal experience may indicate, due to the compounding effect of poor performance.Utilizing Recommended Practice 80R-13, Estimate at Completion (EAC), and actual project data, this paper explores that timing and the ability to determine when the project goals are no longer achievable.Recommended Practice 80R-13 shows several accepted formulae to determine EAC.Using actual project data to calculate the cost performance index (CPI) and to complete performance index (TCPI) at various points in time will yield a comparison of varied project outcomes.Understanding CPI and TCPI early in the project can help determine if a project can, “get there from here.”
TCM Section(s):
9.2. Progress and Performance Measurement
10.1. Project Performance Assessment
Venue: 2020 AACE International Conference & Expo
Abstract: It is all too common for teams on projects experiencing poor earned value performance, early in the project, to report a forecast on target due to improvements expected from mitigation efforts.The inability to recover may happen sooner than personal experience may indicate, due to the compounding effect of poor performance.Utilizing Recommended Practice 80R-13, Estimate at Completion (EAC), and actual project data, this paper explores that timing and the ability to determine when the project goals are no longer achievable.Recommended Practice 80R-13 shows several accepted formulae to determine EAC.Using actual project data to calculate the cost performance index (CPI) and to complete performance index (TCPI) at various points in time will yield a comparison of varied project outcomes.Understanding CPI and TCPI early in the project can help determine if a project can, “get there from here.”