Blog

Earned Schedule – The appropriate upgrade of your EVMS

Now we’ve learned the basics of Earned Value Management calculations (see this blog), it’s time to introduce a new metric to define our project’s health. As you’ve noticed all previous metrics and parameters were either percental (CPI, SPI, TCPI) or monetary/unitary (CV, SV). But what does a schedule variance of € 10.000 tell us? First, a delay expressed in monetary units is somewhat strange. Second, we will show later in this blog post that this metric is subject to a major fallacy. It is to be replaced with a more comprehensive one. Time for a change.

Niels Ligtvoetby Niels Ligtvoet

Read more

The surprising usefullness of Level of Effort activities

Activity types: ‘Level of Effort’ and ‘WBS Summary’, what are they and what can they be used for? The first ones are also referred to as ‘Hammock activities’. Doesn’t that have a nice ring to it? This term stems from their appearance as activities ‘hanging’ between two dates. In this blogpost, we will give a quick technical explanation and their most common use, but we’ll also show four situations where they can be surprisingly useful.

Jean-Carl Vandekerckhoveby Jean-Carl Vandekerckhove

Read more
Buffer vs Float

A Time Buffer is not the same as Total Float

Who owns the float has been a predominant discussion within project controls for decades. And it still is. However, to correctly address this question, the difference between Total Float and Time Contingency (or a time buffer) needs to be fully understood. We hope this blog post will help in clarifying the differences.

Stijn Van de Vonderby Stijn Van de Vonder

Read more

How good is scheduling in Oracle Prime Projects?

The Primaned team has written quite some blog posts about Oracle Prime Projects over the last couple of months. We did not hide that we thought it might very well be the PM tool of the future. Our enthusiasm is based on the comprehensiveness of the tool and its alignment with our vision on integrated project controls. It is so much more than a scheduling engine. When introducing the tool to clients and prospects, the reception is very good and our enthusiasm seems to be shared. However, mainly because of the nature of our client base, there is one thing they all want to know and ask us time and again.

How good is its scheduling compared to my good old Primavera P6?

Stijn Van de Vonderby Stijn Van de Vonder

Read more

Keep your scheduling Lean with Oracle Prime

Introduction
Critical Path Method (CPM) schedules have been ruling the world of projects for a long time. Considering the benefits of CPM, that is quite understandable, isn’t it?

They provide the bigger picture of the project and allow for scenario and what-if-analyses, risk analyses, delay analyses and critical path analyses. They are useful for assessing the resource needs, they provide the team with due dates for ordering long lead items and they allow to include contingencies for risks.

Gert Truyensby Gert Truyens

Read more
Eyes-closed estimating

6 cost forecasting techniques in EVM (EAC/ETC)

Do you feel your budgeting process has failed from the start of your project? Have you learned that you overbudgeted or underbudgeted the activities in your performance measurement baseline (PMB)? Are you willing to take your Earned Value Analysis (EVA) to the next level? Then this is a blog post for you.

Niels Ligtvoetby Niels Ligtvoet

Read more