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On-demand Webinars

Earned Value Management Systems - Lesson 2 of 2

by Henrique Nuno Saavedra Lemos de Moura
October 05, 2016 | 62:04 | Views: 890 | PDUs: 1.00 | Rating: 5.82 / 7

The webinar is the second of two lessons and describes how to setup the WBS, schedule, budget, cost breakdown structure and organization breakdown structure to support the EVMS.

Earned Value Management Systems - Lesson 1 of 2

by Henrique Nuno Saavedra Lemos de Moura
September 21, 2016 | 59:17 | Views: 2,536 | PDUs: 1.00 | Rating: 5.80 / 7

The webinar is the first of two lessons and will provide an overview of an Earned Value Management System (EVMS).

Organization Agility 2016: Rapid Experimentation in Value Streams

by Horia Slusanschi
September 14, 2016 | 59:54 | Views: 761 | PDUs: 1.00 | Rating: 6.19 / 7

How do you transform your organization into a better version of itself? This session will share the journey of transformation and highlight some effective techniques that helped accelerate the rate of learning and improvement across the enterprise.

Using Earned Value Management Concepts to Improve Commercial Project Performance

by Ronald Scott Brunton
February 18, 2016 | 59:57 | Views: 3,441 | PDUs: 1.00 | Rating: 5.81 / 7

This presentation will place EVM within the context of a maturing enterprise looking to understand what EVM is and is not, what it can do, and how to discuss a ‘tailored’ implementation. Attendees will learn how Earned Value is incorporated within the PMBOK®, within the project management methodology and how to ‘speak’ about the values delivered by EVM in terms of objective Technical Performance Measures (TPMs).

Effect of Risk Mitigation Cost on EVM

by Javed Hasnat
November 25, 2014 | 45:36 | Views: 727 | PDUs: 1.00 | Rating: 5.19 / 7

EVM has proven to be an effective method to measure project performance. However, the variables used to calculate EVM performance don't always clearly portray reality. One of those factors are the costs related to risk mitigation.

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Save Time With Tools + Templates

Earned Value Management (EVM) Calculator

PREMIUM deliverable
by Andy Jordan

The basic premise of EVM is that we can assign a value to each task. We can then determine the progress that we have made on our project relative to schedule by comparing the amount of work completed with the amount of work planned to have been completed at the reporting date, and the progress relative to budget by comparing the amount of money that we have actually spent with the amount of money that we planned to spend.

ezEVA Template

PREMIUM deliverable
by Andrew Makar, PMP

The ezEVA template is a historical earned value tracking tool used to measure current progress and forecast future project performance. Use this in tandem with our EVA series of articles.

Understanding Earned Value Analysis

presentation
by Andrew Makar, PMP

Earned value analysis is an excellent technique to assess project health and apply metrics to manage your project. Use this presentation to conduct an earned value orientation for your team members.

Learn From Others

Earned Value: Monitoring Projects More Effectively

by Dr. Kenneth F. Smith, PMP

This article highlights why project financial assessment is so prone to errors during project monitoring, and illustrates a better practice for applying earned value to analyze and report project schedule and cost data quickly and accurately.

Earned Value Management Formulas...Illustrated

by David L. Rico, PMP

The whole point of Earned Value Management is to use past project performance measurements to depict the current standings and predict future efforts and resources required to complete the project goals. If you think in pictures, this illustrated formula will aid in your pursuit of certification or provide a refreshing perspective for veteran practitioners.

When Earned Value Meets Agile

by Madhu Velamati

The purpose of this article is to guide project managers in implementing an earned value management system by following ANSI/EIA-748 guidelines in a manner consistent with agile software development methodology.

Earned Value Management for Beginners

by Madhur Shah

Earned value management is a technique that integrates scope, cost and time to highlight how the project has done in the past and predict how it is expected to do in the future. This article discusses a few basic concepts of EVM and is useful for anyone looking to get started on this topic, as well as for candidates preparing for certification.

Project Workflow Framework: An Error-Free Project Management Environment

by Dan Epstein

The project workflow framework enables even the inexperienced project manager to use detailed step-by-step guidance, examples, tools and practical advice, freeing experienced project managers to manage programs and portfolios and promoting better use of project resources to reduce the cost of projects across all industries.

A Theoretical Approach to Traditional Project Metrics-Bridging the Gap Between Earned Value and Critical Path Project Management

by M.W. Settlemire, PMP

Since work completed from tasks not on the critical path does not affect the completion date of a project, it is important to differentiate tasks that are “critical” from those that are not in order to better monitor and control them. The project performance metric, critical path task index (CPTI), offers a more holistic view in terms of schedule performance for tasks directly related to schedule completion.

Is Earned Value Management a PM Technique?

by David Stark

Earned value management is widely valued as a key project management technique. Despite this, it’s not a universally accepted tool for use by project managers. This article questions whether or not EVM is correctly defined as a PM technique. Is there an alternative way of looking at EVM and EVMS, one that may bring better understanding of how they interact--and under what circumstances they can be used in to support project managers?

Topic Teasers Vol. 51: Why Bother With Earned Value?

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: Computing Earned Value (EV) has always been challenging for me, and frankly I don’t see the benefit to my project. I learned to do the math for my PMP certification, but is there a clear and simple way to get the figures, make the calculations and then find a meaningful use for those numbers? My projects keep veering off track and I need a new approach.
A. Depending on their personality type, some managers are sticklers for details. The more metrics, the better. EVM translates project data into numbers to forward to management, but has less value for the project manager who is running the project day to day.
B. While PMP prep does a great job of explaining the math of Earned Value Management (EVM), keeping the focus on information needed to pass the test means there is seldom time to go into the subject of how useful EVM can be in the workplace. It is a key tool for running successful projects.
C. Since the U.S. Department of Defense requires EVM for all of its departments and departmental contractors, there are favorable tax advantages for corporations who can state their profit figures in EVM terms.
D. EVM provides a common language that the project manager, team and management can use to communicate about how much time and how many resources should be allocated at the first of a project in order to ensure that it will be guaranteed to meet the estimated project metrics of time, cost and quality.
Pick your answer then Test Your Knowledge!

Preparing for the Exam with PMBOK Guide—Fifth Edition (Part 6): Cost Management

by Bruce Garrod

The latest in the ongoing series of articles helping you get “PMP fit” explores the often avoided Project Cost Management knowledge area. To paraphrase a well-known company, just get at it. When you have read this article and completed your studying, you may well be asking yourself why you were so concerned about it…

The Use of Task Rates in Monitoring and Evaluating Projects

by Francisco J. Toro

The author presents an approach for using a rate to monitor projects, based on the re-evaluation of two key concepts, work total, and the rate per unit of work. By periodically recalculating and updating rate values, considering the comparison of the actual work vs. the planned work, the project manager may develop reliable databases for use in future evaluations and follow-up projects.


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Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Is the Iron Triangle still the only success criteria?  John Rice  Mar 26, '17 7:08 AM  17 
Single Project or Multiple Project  Mudassar Khan  Feb 24, '17 3:41 AM 
Remember to Prioritize your Time...  George Lewis  Feb 21, '17 6:18 AM 
what is the key performance indicators that should take into account when calculating performance at portfolio level ?   Diaa Khalaf  Jan 15, '17 3:17 AM 
EAC/CPI..per activities of a project of the whole project  Alexandra Cossard  Dec 28, '16 5:03 AM  30 
Project Budget in internal ERP Implementation Projects  Mostafa Mahmoud Abbas  Dec 26, '16 4:50 AM 
Healthcare.  Ahmed Abuhelala  Dec 21, '16 9:13 PM 
Does a minimum project size exist to apply EVM method?  Anonymous  Dec 14, '16 1:04 PM 
If there is inherent unnoticed mistake in estimation due to which both project duration and cost escalates, what leverage does PM have  Raashid Ahmad Shunthoo  Dec 12, '16 2:05 PM 
Using MS Project as a check list  Eduard Hernandez  Dec 8, '16 5:06 PM 
How to Prepare for EVM Calculations? How does the real exam question relate to PMBOK guides  Mudassar Khan  Nov 15, '16 11:06 AM  17 
How to track changes in pricing of material?  German Lado  Nov 8, '16 12:47 PM 
What is Performance Measurement?  George Lewis  Oct 26, '16 8:30 AM 
Performance Measurement Vs. Performance Management  George Lewis  Oct 26, '16 8:16 AM 
Budget Estimate  Khushboo Singh  Oct 21, '16 7:26 PM 
Agile Budget vs Estimation and Monitoring  Gnana Sekaran  Sep 30, '16 10:54 AM 
Earned Value Management   Praveen Jayarama Reddy  Sep 27, '16 10:17 AM  12 
EVM. Does it lose relevance towards the end of the project?  Alejandro Guerra Nochez  Sep 12, '16 1:40 PM 
What is (or are) the best tool to control the Resource Allocation?  Fabio Araujo  Sep 9, '16 9:30 AM 
(Help for thesis) Mixing EVM with contingency budget management  Andrea Scarcelli  Sep 9, '16 8:46 AM 
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