Asteria-International makes use of earned value management tools to evaluate and assess a contractor’s advancement. With earned value management in place, we can help any owner or contractor monitor cost and schedule performance to determine if a project is behind schedule or ahead of schedule, as well as whether it is under budget or over budget.
To make sure that the budget and the project timeline are monitored for any discrepancies, earned value management services can be used in conjunction with Asteria-International Critical Path Method (CPM) scheduling services.
It is simple to lay out a strategy for success with the help of project cost estimates, creating a work breakdown structure, and submitting an initial schedule of values.
Planning a project is crucial, but without routinely monitoring its progress, it can often seem impossible to tell how things are truly progressing.
By continuously monitoring it is far simpler to foresee any potential problems by continuously monitoring both the earned value of the project and the real cost of the job actually completed.
We work with our clients to establish, track, and evaluate the subsequent cost and schedule parameters:
- Project Budgeted Cost of Work Scheduled
- Project Budgeted Cost of Work Performed
- Project Actual Cost of Work Performed
- Project Cost Variance
- Project Schedule Variance
- Project Cost Performance Index