Use of EVM for T&M Contracts

[bruehlt]

I am working with a group that is developing processes and procedures with use of EVM to manage projects within our organization.

The question that is causing concern is - how does one measure performance on a T&M job, since there is no "budget" to work off of?

Any help??

 

[Ashereng]

Come up with the cost equivalent if the work was done out of house.



"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
Have you read FAQ731-376 to make the best use of Eng-Tips Forums?

 

[DRC1]

If you are doing T&M work the value is the extended cost of the T&M times the applicable rates and costs. i.e. The value of the T&M is the defacto budget

 

[eyec]

did you specify a "not to excced" cost?

if so, use this as the end point and run the EVM on it.

watch each trend line - work completed vs dolars expended.