Project Performance Analysis

Ankit Pareek Vinod Marmat

Contents..• Project performance• Project performance Analysis• Methods of Project performance Analysis Budgeted cost of work scheduled (BCWS) Budgeted cost of work performed (BCWP) Actual cost of work performed (ACWP) Budgeted cost for total work (BCTW) Additional cost for completion (ACC)

Project performance

The overall quality of a project in terms of its impact, value to beneficiaries, implementation effectiveness, and efficiency and sustainability.

Project performance Analysis

A technique for determining how well a project is performing relative to an agreed upon plan (often known as a baseline). approach puts an emphasis on identifying how much variance from the plan occurs over time.

Project performance Analysis

• The technique is applicable to both project execution as well as post-execution for keeping the project on track and determining lessons learned. It is also a powerful means of understanding root cause of project delays during a project forensics exercise.

Methods of Project performance Analysis

The budgeted cost of individual tasks as they are scheduled in the project plan, based on the costs of the resources that are assigned to those tasks, plus any fixed costs that are associated with the tasks.

1. Budgeted cost of work scheduled (BCWS)

2.Budgeted cost of work performed (BCWP)

The value of the work that is performed by thestatus date, measured in currency. This is literally the value earned by the work performedand is called the budgeted cost of work performed (BCWP). This value is calculated foreach individual task, but is analysed at anaggregate level (typically at the project level).

3.Actual cost of work performed (ACWP)

The actual cost that is required to complete all or some portion of the tasks, up to the statusdate. This is the actual cost of work performed (ACWP).

4.Additional cost for complition (ACC)

This represent the estimate for the additional Cost required for completing the project.

Formulas

Cost variance: BCWP-ACWPSchedule variance in cost terms: BCWP-BCWSCost performance index: BCWP/ACWPSchedule performance index: BCWP/BCWSEstimated Cost performance index: : BCTW/(ACWP+ACC)

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