Project Alpha
45m Motor Yacht
A full-scope refit managed under earned value methodology — from condition surveys and engineering through drydock, mechanical systems, paint, and interior works. Delivered with institutional-grade project controls.
Project controls built for owners, not spreadsheets
Most yacht refits are managed reactively — cost overruns surface late, schedule slippage accumulates quietly, and the owner is the last to know. KEY Marine Advisors manages every project under Earned Value Management (EVM), the same methodology used in aerospace and defence programs.
EVM gives you three numbers that matter: what you planned to spend, what you actually spent, and what you have earned in real, verified progress. When those three diverge, we know — and we act — before it becomes a problem you have to pay for.
Project Alpha illustrates this approach on a full 45m refit: 15 control accounts, a formal Work Breakdown Structure, weekly performance reporting, and a forecast that updates as conditions change.
Work Breakdown Structure
Every scope item assigned to a control account with a defined budget, owner, and acceptance criteria before work begins.
Earned Value Management
CPI and SPI tracked weekly per control account. Cost and schedule variance visible at every level of the project hierarchy.
Forecast at Completion
EAC recalculated continuously from actual performance — not the original estimate. You always know where the project is heading.
Health Monitoring
Four-tier traffic light system: Blue (scheduled), Green (on track), Yellow (watch), Red (critical). Every stakeholder sees the same picture.
Project metrics as of May 2026
Planned Value · Earned Value · Actual Cost
The three lines that define project health. When EV tracks above AC, the project is earning more value than it spends. When EV tracks below PV, schedule is slipping. Project Alpha is currently holding both in a healthy range.
Control account completion by phase
Each control account represents a discrete work package with its own budget, schedule, and acceptance criteria. Progress is measured in earned value, not subjective estimates.
| Phase | Status | Progress | Budget (BAC) |
|---|
Inspect the actual project document
The summary below reflects the live project controls sheet our client has access to throughout the refit. Every line item, every EVM metric, every acceptance criterion — visible in real time.
This is not a polished presentation prepared after the fact. It is the working document, shared because transparency is the foundation of owner representation.
Open Live Project ControlsYour refit. Our controls.
Every KEY Marine Advisors engagement is managed with the same institutional discipline you see here — regardless of project scale. If you are planning a refit and want to understand what professional owner representation looks like in practice, we would like to talk.