Earned Value for World-Class Project Controls

UMT Consulting SA, local Enterprise Project Management (EPM) solution provider, has announced that it now offers Project Controls based on Earned Value Management Principles - a sound basis for assessing project progress and performance measurement. It has partnered with Marwillcor Project Control Services (Pty) Ltd, a company that specialises in World Class Project Controls. We expanded our offering to ensure projects are completed on time and within budget. Earned Value Management is a proven systematic approach to objectively measure project progress and performance measurement, whilst integrating technical scope, schedule, cost and risk.

UMT Consulting SA and Marwillcor Project Control Services agree as partners, that with Earned Value Management best practices, any company will identify under-performance areas as early as the 15 percent Earned Value completion mark. We believe a corrective action must, however, have been successfully implemented by the 45-50 percent completion mark, in order to have a positive effect on the outcome. This is because, after the 45-50 percent Earned Value completion mark, there may not be enough unfinished scope to influence the outcome.

The dashboard below is one of the mechanisms we use to monitor schedule and cost performance ratio:

click to enlarge

To know more about this cost savings value proposition please contact us.
References to Marwillcor Project Control Services site: www.earnedvalue.co.za.