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PLANNING CYCLE
The following chart illustrates the general project cycle. Progress measurement is after the baseline (master programme) is established and approved by the Client. The
project progress is then to be measured based on the baseline.
WAYS OF MEASUREMENT
There are many ways to measure the progress from different perspectives; each has its merits and shortcomings. Agreement among all parties, especially the Client, must
seek before measurement starts.
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S-curve http://www.p3planningengineer.com/progress%20measure.htm
Example 1: The major area of work is assigned the weightage (total weightage shall be 100%). Completion percent times the weightage is the earned weightage. Total
earned weightage is the measurement of the project progress.
Example 2: Major trades of work is assigned the weightage (the figure is immaterial. The importance is the proportion among all trades). The weightage of a trade over
time period is determined by the programme. The distribution may consider some standard distribution pattern.
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S-curve http://www.p3planningengineer.com/progress%20measure.htm
EARNED VALUE
Earned Value=Completion percent as of report date x Original value.
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S-curve http://www.p3planningengineer.com/progress%20measure.htm
From the S curve, one can technically measure how much the progress is ahead or delay.
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S-curve http://www.p3planningengineer.com/progress%20measure.htm
To solve the problem, cost can be input into P3 baseline. If the cost is assigned to an activity (under data->cost), the programme becomes the so-called cost loaded bar
chart. Though each activity is not one-to-one pointing to the BQ item, the Level 4 heading under P3 can be rolled up (sum of earned value) and mapped to BQ item. The
other way is using the costing coding (customized item under P3) to link the activity to BQ. See an example below (CTS is the customized coding system for linking the
activity to BQ).
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