Budgeting & Cashflow
Successful Projects generates Budgeting and Cashflow forecasts from its fully resourced project schedule.
Budget and Cashflow Reports such as
Earned Value and Budget vs Actual Costs are essential:
FOR THE PRINCIPAL – this information can be used to support funding, budget applications and the planning of finance drawdown.
FOR THE CONTRACTOR – an invaluable check for estimating, reviewing margins and for preparing progress claims.
Earned Value Analysis
Successful Projects reports on the Earned Value of the project to compare (a) the actual performance of the project versus the plan or (b) actual project progress against the planned performance. We measure the amount of work actually completed; forecast the cost and completion date; and track the project’s budget in real time.
Schedule Performance Index (SPI)
Budget vs Actual Costs
Cost Performance Index (CPI)
CPI measures the relationship between the budgeted cost of work performed (BCWP) and the actual work performed (ACWP) as a ratio. If the CPI is greater than 1.0, it indicates that actual cost is less than budgeted cost or that the project is under budget. A CPI less than 1.0 indicates that the project is over budget.
Simply put, it can tell you if your project is under or over budget at any point during the process.