Understanding the true status of a project is critical for mitigating and resolving issues that will ultimately impact cost and schedule performance. If issues and variances are resolved early and effectively, the overall cost of the project can be reduced and post-project claims can be minimized.
If your projects rely on schedule-centric methods for applying earned value, you are missing a big part of the picture. A true earned value analysis combines scope, cost and schedule patterns to inform the project management team of key trends and insight. Unifier’s integrated cost and schedule management solution allows our clients to manage contractual commitments as well as schedule activities within the same system, driving efficient and real time earned value results. Earned value can be driven either by the cost sheet and cash flow modules or by schedule activities in the Schedule Manager. Either way, you no longer have to cost-load schedule activities as the basis of earned value calculations or manually allocate costs from a separate contracting system.
Unifier’s Earned Value calculations provide indications as to whether or not work is being performed as planned. Unifier can calculate virtually any earned value measure, including Cost Variance, Schedule Variance and Cost Performance Index. Using these measures and Unifier’s ability to automate calculations from source data in a real-time environment, projects can be assessed in depth and quickly. Project managers can then make necessary changes more intelligently, and proactively control project risks.
