The Earned Value Management (EVM) method is a cost control standard which allows users to follow the expenses and deadlines of a project and provides the information required to make decisions. The model can be applied to a job item, a chapter or the complete job, from the point of view of the Project Management team or the Site Manager.
The EMV model has been taken from chapter 7, Project Cost Management, of the Project Management Book of Knowledge guide (PMBOK) for the American code: ANSI / PMI 99-001-2004.
This model has been implemented in the 2015.a version of Arquimedes so the economic control can be performed by the Site Manager. In future versions, this model will be implemented so it can be applied from the point of view of the Project Management team.
To view the economic control by applying the “EMV” model from the point of view of the Site Manager with Arquimedes, a Gantt chart must be created at job item level to plan the job in phases (months). All these tasks must be linked to cost centres (job items) with updated quantity and study amounts in accordance with the job items in the decomposition tree.
The corresponding charges must be applied to the cost centres and the executed quantities of each job item must be introduced to obtain their execution prices in the corresponding phase designed in accordance with the plan of the project. Additionally, certifications must be closed at the dates corresponding to each planned phase to register both certified quantities and executed amounts. This way, all the information required to obtain the variables of the Earned Value Management EMV) model is obtained.
