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In Projects Control, How to obtain the Codified Project Site Data (Actual Value) used to compare with the Planned Value and Earned Value?

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Question added by Raymund de Laza , Senior Planning & Cost Control Engineer , Al Fouzan Trading & Gen. Const Co.
Date Posted: 2014/05/05
Raymund de Laza
by Raymund de Laza , Senior Planning & Cost Control Engineer , Al Fouzan Trading & Gen. Const Co.

Planned Value are determined prior to Start of a Project while Earned Value are determined while the Project Progressing.

I may say, Earned Value is Equal to Planned Value if the Project Progressed as Scheduled.

The Actual Value, it consist of actual expenses. The question was how to obtain (I mean the Process) the Codified Data of the ACtual Value.

Sujay Bhattacharjee Munna
by Sujay Bhattacharjee Munna , Project Manager , HCL Infotech Limited

Usually it is assumed that the Earned Value shall be equal to the planned Value of the Project. The changes comes when the Design of the project missout some components essentialy requre to complete the project. secondly, if there is change in the scope of work. proper documentation of these changes shall bring out actual project value in compare with the planned value.

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