Why inject complexity into your projects when elementary math will suffice? Cut through the quantification using these three simple formulas when engaging with stakeholders.
Conversations in Earned Value Management
Stelios Kentritas · Mar 15, 2022
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Rohit Prajapati · Oct 10, 2023
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Steven Curry · Jan 27, 2022
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Anonymous · Jun 28, 2023
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Alexandru Rosioru · May 25, 2023
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Earned Value Management (EVM) is essential to project success. It is used extensively in the Department of Defense (DOD) and construction industries but not in the IT industry. This webinar focuses on applying EVM to large IT projects. It will present: a brief overview of the EVM fundamentals; why EVM is not used on large IT projects; how to create a baseline for the project; what a rolling wave is and how to use it; and the benefits of using EVM on large IT projects.
The four knowledge cornerstones of project risk management are: Project Management(how to run a project); Earned Value Management (how to measure project performance); Risk Management (how to identify and mitigate risks); Subcontract management (how to manage subcontractors). Project risk management is essential today and for future work challenges to manage a successful project. This webinar focuses on earned value management, the second knowledge cornerstone.
The four knowledge cornerstones of project risk management are: Project Management (how to run a project) Earned Value Management (how to measure project performance) Risk Management (how to identify and mitigate risks) Subcontract management (how to manage subcontractors) Project risk management is essential today and for future work challenges to manage a successful project. This webinar focuses on project management, the first knowledge cornerstone. It will explain the project management process and how it is used to achieve effective project risk management on you project. The webinar will explain what Enterprise Risk Management (ERM) is and how project risk management fits into it. The future of work and how project risk management will be affected is presented.
Rather than simply delivering a quality product, project managers are now expected to take responsibility for ensuring the benefits that the product should provide. Although expectations have moved on, the corresponding tools have not kept pace. This webinar presents a novel and powerful framework by which to extend existing tools into the benefits-delivery space.
The profession of project management can be stressful and to perform at their very best (and increase the chances of project success) a project manager must ensure that they are looking after their own wellbeing. This presentation will give attendees practical skills and exercises they can use to increase their levels of wellbeing and authentic happiness.
This webinar provides an introduction to the extension of the Earned Value Management (EVM) framework to the area of benefits realization management (BRM). The "third musketeer" is a new indicator, Realization Performance Indicator (RPI), which complements the existing CPI and SPI.
October 2018 Book Club Q&A Closing Webinar - The Practitioner's Guide to Project Management: Simple, Effective Techniques That Deliver Business Value
Closing Q&A webinar for October 2018 Book Club on The Practitioner's Guide to Project Management: Simple, Effective Techniques That Deliver Business Value by Lynda Carter.
Save Time With Tools + Templates
Earned value management is used to measure progress of a project with respect to cost. This template runs a basic earned value analysis and monitors spending over the life of a project. This EVM worksheet is used for planning and tracking of your spending.
Is your project on time and within budget? This tracker will guide you through the Earned Value Method, giving a clear, step-by-step approach to help you answer that question.
This Excel sheet performs the calculation for earned value and earned schedule analysis. The forecast resulting from all KPIs [time-based SPI, CPI, CPI (internal), CPI (external) and WPI] is calculated based on the different forecast methods proposed by A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The user can choose which method shall be used for each KPI.
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
The article is devoted to the underlying mathematical concepts of earned value: linear function, Cartesian coordinates and tangent. The EV visualization named “budget square” is derived from these concepts—and helps us master the earned value concept for both certification and practical needs.
Most projects don't end with their launch date—they have an active lifespan and eventual decommissioning. Do you know what the true end-to-end cost of your project is?
When agile practices are implemented for the first time in a waterfall environment, more predictive techniques like earned value management (EVM) will need to be integrated. Here, a practitioner looks at two sprint examples to explain how this approach works.
Cuando se implementan prácticas ágiles por primera vez en un entorno de cascada, se deberán integrar más técnicas predictivas como la gestión del valor ganado (EVM). Aquí, un profesional observa dos ejemplos de sprint para explicar cómo funciona este enfoque.
Are you looking beyond individual departments and focusing on the value created in the full series of activities they perform to create and deliver their product? Here’s the story of one PM who was willing to step beyond her role to move the focus of “better, cheaper, sooner” to the whole chain of work her firm delivered to its customer.
중요한 경로 방법 (Critical Path Method, CPM)이 1950 년대에 다시 소개 된 이래로 프로젝트 견적 및 계획의 최신 혁신에 대해 알아보십시오.
Using Earned Value Management Concepts to Improve Commercial Project Performance (Korean Translation)by
이 프리젠 테이션은 EVM이 무엇이고 그렇지 않은지, 수행 할 수있는 일 및 '맞춤형'구현을 논의하는 방법을 이해하려는 성숙한 기업의 맥락에서 EVM을 배치합니다. 참석자는 EVM이 PMBOK®에 어떻게 통합되는지, 프로젝트 관리 방법론 및 객관적인 기술적 성과 측정 (TPM) 측면에서 EVM이 제공 한 가치에 대해 '말하는'방법을 배우게됩니다.
When it comes to scheduling, you cannot do advanced tasks before covering the basics. Most people want to do PERT analyses and critical path sensitivities, Monte Carlo simulations and applications of earned value techniques. Those tools can be helpful in providing guidance for better decision making, but a lot of ground must be covered first.