All casesOpen demo
Cases / Planning & controls
Planning & controls

Earned value and forecast

See where the job truly stands against the plan and the budget: bring the programme current, read the CPI and SPI, and put a credible number on the outturn cost and finish date.

3 steps13 minGeneral contractorProject / construction managerCost consultant / QS

How it works, step by step

3 steps across the platform - what you do at each one, and why it matters.

1

Update the programme

Schedule

Roll every activity forward to the data date, set an honest percent complete on the ones in progress, and make sure the committed and actual costs for the period are booked in.

Why: Earned value inherits every optimistic progress claim you feed it. A disciplined cut-off, with no work counted before it is truly done, is the only thing that makes the indices worth reading.

InBaseline programmePeriod progressCommitted & actual costsOutProgramme at data datePercent complete set
2

Read the earned value

Value

Compare the value you have earned against what was planned and what you have spent, then read the cost and schedule performance indices and the variances they produce.

Why: A superintendent who says the job feels behind is guessing; an SPI of 0.9 is a measurement. Anything under one on cost or schedule means the gap is trending wider, not sitting still.

InUpdated programmePlanned valueActual costOutCPI and SPICost & schedule variance
3

Forecast the outturn

Reports

Extend the current cost and productivity trend to an estimate at completion and a likely finish date, then set both against the budget and the baseline for the report.

Why: A forecast overrun flagged in month four is a problem you can still steer; the same number in month ten is just an apology. Early warning is the whole reason to run earned value at all.

InPerformance indicesBudget at completionBaseline finish dateOutEstimate at completionForecast finish dateOutturn report

More in Planning & controls