CCPM Vs EVM:-
CCPM and EVM basiclly both the techniques are used for monitor the project progress and helps in providing early warning to take effective corrective actions.
CCPM focuses on managing constraints, the relationship between tasks and resources within project. CCPM also focuses on overall project progress instead of individual task progress.
EVM examines the relationship between the cost of doing something and the value received by doing it. It tracks tasks and the project as a whole in terms of money.
Some of the points related to CCPM and EVM are:
Will CCPM work with Earned Value?
Yes. But with the possible exception of a risk of driving conflicting behaviors if both systems are used for the same purposes.
It is considered that EVM implemntation is very useful for contract management and CCPM is useful for production work. It requires less effort to implement EVM on CCPM implemented project. Use uncertainity analysis technique for sizing cost buffer. Fever chart can used to measure cost buffer penetration.
Actions to be taken according to buffer status:-
Implementation of CCPM along with EVM gives better control over schedule and cost control.
