In this article, schedule variance is modeled to show the comparison and relationship of actual project progress and the schedule baseline. The underlying linear model of the schedule performance index (SPI) is explained and visualized with the budget square chart. The limits of the linear SPI approach are shown, and then an improved non-linear visualization is explored.
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.
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.
The Fast, Flexible and Fact based Front End: Examining Discovery the Not So Fuzzy Front End of Innovation
Donald G. Reinertsen was at Booz Allen Hamilton when he coined the term “Fuzzy Front End” in an article for PMI in the 1980’s. He did so because he thought there was something going on up there at the beginning of New Product Development but it was fuzzy. I interviewed him for an article a few years later. By then he had come to dislike the term, “Fuzzy Front End”. He felt that, after more study, there were a number of tools and processes in place (some for decades), that made the front end into a repeatable process. Together we changed the original premise to “Fuzzy Logic” for the article. That concept of Fuzzy Logic (sampling the environment, the market, technology, the competition, etc.) became the basic concept behind this important discovery stage and the basis for many popular branded processes like Hunting for Hunting Grounds™. Never mind Reinertsen’s new thinking, the term “Fuzzy Front End” was catching on by the mid-90’s in the New Product Development community and perpetuated the myth of this stage as somewhat mystical. This webinar will attempt to demystify the new product discovery.
Clarifying and widening the status quo around value, especially at the enterprise level. This webinar aims to offer an explanation of value management that goes beyond the notion of value engineering and process-based tools.
Launch Trajectory – Why Integrating Definition and Execution Is Critical to Development Project, Program and Portfolio Success
It isn't easy to make exact copies of even a simple product, but at least you begin that effort knowing what "done" looks like. Development introduces a special kind of challenge – you only learn what "done" looks like at the end. The critical path for execution becomes dependent upon the critical path for definition and vice versa. The development path can be thought of as a part "altitude" you wish to attain and part "distance" you must travel to get there. We'll use this powerful analogy to explore why development outcomes vary so widely, why Agile methods are essential, and to help you plot the optimum launch trajectory for any given effort.
In Expert Judgment: How to Incorporate the Latest Developments in Using this Common PM Tool, Paul S. Szwed provides research that will help project managers become more adept at using expert judgment effectively.
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
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.
It can sometimes get lost that there are a great number of projects initiated every day that will never have a formal budget associated to them. It is important that PMs and management not lose sight that even internal projects can benefit from the rigor of cost management processes and EVM principles.
Scared of spreadsheets? Don't be! They are a necessary and valuable tool in the project manager's arsenal. This article and its accompanying template are not a step-by-step tutorial. Instead of detailed instructions, it discusses a few things that are crucial to start both managing projects and completing advanced work with spreadsheets.
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