Earned Value Management

RMPD utilizes earned value management systems to critique and measure a contractor’s forward progress. With earned value management in place, RMPD can assist any owner or contractor in monitoring cost and schedule performance to identify whether a project is behind/ahead of schedule and under/over budget. Earned value management services can also complement RMPD’s CPM scheduling services to ensure that the budget and the project schedule are monitored for any discrepancies.

Budgeted Cost of Schedule 
Budgeted Cost of Work Performed

Actual Cost of Work Performed

Cost Variance

Schedule Variance

Cost Performance Index

Schedule Performance Index

Between job cost estimates, building a work breakdown structure, and submitting an initial schedule of values RMPD makes it easy to set out a plan for success. Project planning is important, but without regularly checking in on the project’s health, it often appears impossible to know how things are really going.

By constantly keeping an eye on both the actual cost of work performed and the earned value of the project, it’s easier to anticipate any potential issues.