Top Influencers

Network:0




Network:145




Network:554




Network:319




Network:1348




Network:42




Network:282




Network:360




Network:311




Network:139




See all Earned Value Management Influencers


On-demand Webinars

Earned Value Management Systems - Lesson 2 of 2

by Henrique Nuno Saavedra Lemos de Moura
October 05, 2016 | 62:04 | Views: 1,586 | PDUs: 1.00 | Rating: 5.85 / 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: 3,349 | PDUs: 1.00 | Rating: 5.79 / 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: 1,487 | PDUs: 1.00 | Rating: 6.14 / 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: 3,950 | PDUs: 1.00 | Rating: 5.78 / 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: 829 | 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.

See all Earned Value Management On-demand webinars

Save Time With Tools + Templates

Project Plan/WBS Sample Template

PREMIUM deliverable
by Jirí Skrivánek

This MS Excel template is an example of a small or middle-range project including a WBS, a simplified schedule and a summary of progress, which uses earned value management (EVM). The supporting article (Stop Being Scared of Spreadsheets!) encourages mainly junior PMs to play with the template and practice their knowledge on small projects. The article is not a step-by-step tutorial. Instead of detailed instructions, it discusses a few things that are crucial to start both managing projects and advanced work with spreadsheets.

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.

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

Stop Being Scared of Spreadsheets!

by Jirí Skrivánek

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.

Earned Value Management in Agile Projects

by Marcos Saboya

The use of traditional empirical project management tools can be used in a simple way to manage and control project deadlines and costs without losing the flexibility of agility. In this article, we are going to mix a traditional technique with agile management using a simple practical example.

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!


Ask a Question

Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
Fear of losing skills  Mirza Mohibulla Baig  Oct 11, 2017 3:27 PM  22 
Free Lance Project Members  Joseph Pangan  Oct 11, 2017 2:14 PM  11 
EVM usage in you projects  Vincent Guerard  Oct 9, 2017 9:39 AM  14 
How a successful Project Manager motivates resource to perform better?  Vinayaka Balamkar  Oct 5, 2017 10:36 PM  10 
I am preparing to present the PMI-RMP exam, I would like to hear from you all the experiences about risk management, its application and if you have any tools that can recommend me. Stay tuned to you  Eduin Fernando Valdes Alvarado  Sep 12, 2017 3:01 PM  14 
Web PM Tools for Complex Engineering Projects  Greg Chokas  Aug 17, 2017 7:07 AM 
Identify the Best practices for Project  RAJESH K L  Aug 15, 2017 2:30 AM 
ETC calculation including SPI  Bernd Brier  Jul 20, 2017 10:19 AM 
What is Earned Schedule Management and How project can benefit if adopted?  Atul Gaur  Jul 20, 2017 5:44 AM 
What are different type of estimation techniques, How can we define in simpler way with examples ?  Navdeep Singh Sethi  Jun 25, 2017 7:29 PM 
Hi,   shaban osman  May 29, 2017 5:39 AM 
Agile Budget vs Estimation and Monitoring  Gnana Sekaran  May 24, 2017 4:53 AM 
"Budgets-Costs-Advances of Projects with Microsoft Excel"  Fernando Roque  May 21, 2017 11:05 AM 
Human Resources and Communications align with Activities, Dates and Resources  Fernando Roque  May 10, 2017 1:59 PM 
Stuck with an Issues in MS Office , Help needed  Mudassar Khan  Apr 21, 2017 11:53 AM 
How to run automatic mail notification from P6 8.3 Please?  Jalal Salman  Apr 20, 2017 5:51 AM 
Corporate Social Responsibility, Sustainable Development, and Sustainability in Business  John Rice  Apr 5, 2017 10:42 PM 
How do you ensure that your project is always on track?  Mudassar Khan  Mar 31, 2017 2:58 AM  11 
What are the 3 key challenges for the PM's today and how can these be tackled effectively?  Mudassar Khan  Mar 30, 2017 3:38 AM 
Implementaion of Earned Value Management  Abhishek Pandey  Mar 29, 2017 9:33 PM 
Page: 1 2 3 4 next
See All Questions
ADVERTISEMENTS

"One of the symptoms of an approaching nervous breakdown is the belief that one's work is terribly important. "

- Bertrand Russell

ADVERTISEMENT

Sponsors