A question often asked by a Client is "how is the project going? One tool used by today's experienced managers or consultants is the Earned Value Analysis (EVA). The EVA evaluation program is typically defined during the pre-construction phase and is based on key project activities and program participants. This analysis ultimately determines performance trending through historical performance indicators. The EVA program also compares cost-to-work relationships against proposed contractor payment schedules. This process ensures that financial authorization is properly tied to corresponding field progress.
Project participants, being owners, lenders, or insurers, often need this type of analysis provided by an independent party. Elev8 has the expert staff and experience necessary to provide its clients with accurate and timely Earned Value Analyses. Elev8 provides EVA to compare planned to actual relationships in field performance at specified intervals of a project. This process will identify if and where any deviations exist between planned and actual activity progress. Based on this information and Elev8's extensive project experience, a projection can be made of the probability of success in achieving the identified key milestones and therefore the project schedule in total.