AS 4817-2003

1 - AS 4817-2003 PROJECT PERFORMANCE MEASUREMENT USING EARNED VALUE
4 - PREFACE
5 - CONTENTS
6 - FOREWORD
7 - Section 1 INTRODUCTION
7 - 1.1 Scope
7 - 1.2 Application
7 - 1.3 Definitions
7 - 1.4 What is Earned Value?
10 - 1.5 Benefits of Earned Value Performance Measurement
11 - Section 2 EARNED VALUE PERFORMANCE MEASUREMENT
11 - 2.1 Basic Actions
11 - 2.2 Basic Concepts
11 - 2.2.1 Implementation
12 - 2.2.2 Example of EVPM
13 - 2.3 What About a More Complex Project?
13 - 2.3.1 Example
14 - 2.3.2 Estimate at Completion
17 - Section 3 THE EARNED VALUE PERFORMANCE MEASUREMENT PROCESS
18 - 3.1 STEP 1: Decompose the Project Scope
18 - 3.1.1 Requirements
18 - 3.1.2 Guidance
19 - 3.2 STEP 2: Assign Responsibility
19 - 3.2.1 Requirements
19 - 3.2.2 Guidance
20 - 3.3 STEP 3: Schedule the Work
20 - 3.3.1 Requirements
20 - 3.3.2 Guidance
21 - 3.4 STEP 4: Develop Time-Phased Budget
21 - 3.4.1 Requirements
21 - 3.4.2 Guidance
22 - 3.5 STEP 5: Assign Objective Measures of Performance
22 - 3.5.1 Requirements
22 - 3.5.2 Guidance
23 - 3.6 STEP 6: Set the Performance Measurement Baseline
23 - 3.6.1 Requirements
23 - 3.6.2 Guidance
24 - 3.7 STEP 7: Authorise and Perform the Work
24 - 3.7.1 Requirements
24 - 3.7.2 Guidance
25 - 3.8 STEP 8: Accumulate and Report Performance Data
25 - 3.8.1 Requirements
25 - 3.8.2 Guidance
26 - 3.9 STEP 9: Analyse Project Performance Data
26 - 3.9.1 Requirements
26 - 3.9.2 Guidance
27 - 3.10 STEP 10: Take Management Action
27 - 3.10.1 Requirements
27 - 3.10.2 Guidance
28 - 3.11 STEP 11: Maintain the Baseline
28 - 3.11.1 Requirements
28 - 3.11.2 Guidance
29 - ANNEX A - GLOSSARY
35 - ANNEX B - MEASURING AND ANALYSING PERFORMANCE
35 - B1 Introduction
35 - B1.1 General
35 - B1.2 Basic Cost Performance
36 - B1.3 Basic Schedule Performance
37 - B2 Formulae
37 - B2.1 Scope
37 - B2.2 Percent Complete or Spent
37 - B2.3 Performance Indices and Percentages
37 - B2.4 At Completion Formulae
38 - B2.5 Independent Estimates at Completion (IEACs)
38 - B2.6 To Complete Indices
39 - B3 Analysis
39 - B3.1 General
39 - B3.2 Use of Indices
39 - B3.3 Variance Analysis
40 - B3.4 Reliability of the Estimate at Completion
41 - ANNEX C - COMMON CHARTS AND THEIR INTERPRETATION
41 - C1 Cumulative Performance Chart
42 - C2 ‘At Completion’ History Chart
43 - C3 Combined Performance Chart
44 - C4 Variance Chart – Period Data
45 - C5 Variance Chart – Cumulative Data
46 - C6 Variance Chart – Cumulative In Percent
47 - C7 ‘Bull’s Eye’ Chart
48 - C8 Efficiency Chart
49 - C9 Automated Tables
50 - C10 Independent Estimates At Completion Chart

Specifies requirements and gives guidance for the measurement and reporting of schedule and cost performance of projects and programs using the Earned Value Performance Measurement EVPM method. EVPM is a method for measuring and reporting project performance, and forcasting future performance based on past performance.

This Standard establishes requirements and gives guidance for the measurement and reporting of cost and schedule performance of PROJECTS and PROGRAMS using the EVPM method.

First published as AS 4817-2003.