What are best practices and guidelines for EVM projects?

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PM Life Skills: What I Wish I Got Taught In Project Management School

by Mark Mullaly, Ph.D., PMP

Few of us set out to become project managers. Where formally developed skills are earned, they generally take the shape of process-based training. Taken as a whole, however, they don’t make up the full set of tools, skills and abilities that a project manager needs to survive--and thrive--in the long term. Thankfully, this well-considered guide to life skills for project managers is here to help.

What Role Should the PMO Play in Project Finance?

by Andy Jordan

There is one aspect of project management where it's rare to find any consistency at all within PMOs: project financials. Let’s look at some of the different options and see if we can figure out some models that might work effectively.

Baby Steps to EVM

by Andrew Makar, PMP

CMMI provides several models that organizations can use to identify best practices and organizational improvements. Studying the maturity models and researching earned value management readiness reveals a series of baby steps for organizations to adopt EVM.

Convincing Project Managers to Use EVM (and Making no Excuses)

by Jose Barato

In his practice, the author has encountered project managers who, resistant to change and primarily concerned with successful delivery of their project, have resisted the adoption of Earned Value Management (EVM) practices. He explains the importance of EVM for cost control and demystifies EVM tools, with examples using Microsoft Project® and the open source tool, OpenPPM.

Innovation on R&D Earned Value IOC/C21 WatchKeeper System

by Kevin Peterson

The challenge addressed in this article is that of using earned value in an IT project of less than US$20 million with multiple solution partners, fixed cost contracts, no labor cost data, and an 18-month deadline. The discussion presents an example of an innovative use of a research and development (R&D)–based earned value technique. The software project overview is presented, traditional earned value reviewed, the derivation of the R&D approach is discussed, and the article closes with a look at the organizational benefit of the technique.

Change Management and the EVA Road Show

by Andrew Makar, PMP

Motivating an organization to incorporate earned value into their culture is an exercise in change management. Effectively managing change isn't an easy process--and rolling out EVA throughout an organization can be challenging. Applying the following change management activities to your EVA implementation can help improve its adoption.

Selling EVM

by Andy Jordan

Earned Value Management is not just fuzzy math, but you need to help people understand it. The problem is not in the math itself, but in the difficulty of explaining EVM to stakeholders who don’t understand the numbers and what they mean. How do you sell EVM to your stakeholders without focusing on the math? Here we look at EVM for the masses.

Earned Value: Looking for an Easy Way to Implement It

by Williams Chirinos

The author presents a practical approach for the application of earned value focused on better project scope definition and project plan creation, both based on results. Project progress is credited only if deliverables are completed or milestones are achieved, increasing the objectivity of project performance measurement and probability of success.

Who's Afraid of EVA?

by Andrew Makar, PMP

Earned value analysis is the key to assessing your project health and applying metrics to manage your project. So why do only a few project manager's understand EVA and actually apply it to their projects? This is the first in a six-part series on EVA, providing an introduction into EVA in an easy-to-understand format.

Implementing Earned Value Side by Side With Critical Chain

by Gershon Ben-Israel

This article focuses on an easy-to-use implementation of earned value management (EVM) and, specifically, cost performance index and estimation at completion - Cost side by side with the Critical Chain Method. The EVM implementation gives a comprehensive answer for budget management and budget report requested by the project sponsor.

The Three Deadly Sins of EVM

by Mark Mullaly, Ph.D., PMP

Former British prime minister Benjamin Disraeli is credited as saying, “There are three kinds of lies: lies, damned lies and statistics.” To this we clearly might also arguably add a fourth: earned value. Here we explain its three deadly sins--those of omission, commission and deception.

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