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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.
Earned Value Management (EVM) is the systematic integration and measurement of technical (scope), schedule, and cost accomplishments in a project or task. EVM provides both the public and private industries the ability to examine detailed schedule information, critical program data, technical milestones, and costs. The EVM System is an integrated set of documented processes, procedures, and applications that describe how the system owner is using EVM for managing projects. An EVMS Validation Review verifies that the EVMS processes and disciplines are being used by the project team as well as producing accurate and valid EVM performance data for informed management decisions
Earned Value Mixology - The term “Mixology” refers to receiving an increased effect when you drink any beverage that you make. In this session Earned Value Mixology looks at the main ingredients of a program (that uses Earned Value), notably, Budget, Schedule and Scope and, takes a light hearted look at what is Earned Value, the key elements, provides some helpful tips, benefits and some precautions.
Guatemala has embarked on an ambitious program to reduce dependency on oil-based power generation by 50% in 15 years. Based on the 2007 findings of the Institute of Energy of Japan, Guatemala has increased electrical generation from hydro power plants by installing power plants ranging from 5MW to 40MW. However there are risks arising from the needs of local communities and environmental groups requiring effective communication strategies. Further there are technical design risks associated with the calculation of head (altitude) and flow that drive the investments needed for the turbine, generator and piping diameter. Monte-Carlo simulation can be used to assess the confidence in field data for these design parameters.
The concept of schedule monitoring and control as one of the most important functions of project management has not been fully exploited. That could stem from the dominance of Earned Value Management Systems which use cost indicators to measure schedule preformance. This can be misleading. In contrast to Earned Value and Earned Schedule, the authors have developed the Earned Duration Management (EDM) which uses certain indices to measure progress and performance of schedule and cost.
Webinar attendees will learn about when to use use cases and when to user stories, within requirements gathering, to gain maximum value from both. This webinar offers tips and techniques that can be used today to gather stronger requirements.