Project control

Question 1

What is the purpose of EVM?

Answer 1

It prevents you need to check every activity individual to check the progress of your project.

Question 2

What is a performance factor PF?

Answer 2

Factor based on information from problems that occurred during the project => What is the nature of the problem?
- Unique problems that come and goes (sickness)
- Structural problem (bad suppliers, late, low quality, …)

Question 3

On what does taking act depends when your behind schedule/over budget?

Answer 3

1. Identify problem why
2. What is project objective? Cost/Time/NPV?
3. Yourself

Question 4

Why is SPI not a reliable metric to use?

Answer 4

EV can have a maximum value equal to BAC (EV=perc of completion x BAC)
PV can have a maximum value equal to BAC
EV and PV have this value and the end of the project.
This results in an SPI = 1 (EV/PV)
=> SPI always 1 at the end of the project
=> even if the project finishes dramatically late, SPI still has a value = 1
=> Gives a false impression of the progression of the project

Question 5

How can you solve the SPI problem?

Answer 5

Using Earned Schedule (ES)

Question 6

What is the earned schedule?

Answer 6

The duration according to the planned value where you created the earned value. This way the earned value is transferred to a time expression which makes more sense.