Painting by Numbers: Understanding Earned Benefit-Value from a Budget View to Benefit Focus

Featuring Kik Piney France Chapter, James McCrory, and Derrick May - November 14, 2019

Topics: Agile, Earned Value Management, Stakeholder Management

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PMI Membership
$129 /year

(plus $10 application fee)

Sign up for PMI Membership to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.

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Premium Content

PMI Membership
$129 /year

(plus $10 application fee)

Sign up for PMI Membership to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.

PMI Membership perks include job opportunities, local chapters, respected publications, and standards. Learn more

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60m 40s

Duration

1.00

PDUs

4,978

Views

Overview

The presentation starts by analyzing the problems that project managers face due to differing stakeholder expectations. It explains that Earned Value only addresses part of this problem. Given this understanding, a seemingly minor change to the basis of the Earned Benefit definition is shown to deliver a general solution to the growing need for projects to take responsibility for addressing the contribution from the project to the strategic benefits required by the business. To show the origins and the intent of this approach, the concept has been given the name “Earned Benefit-Value”. The steps in planning and applying Earned Benefit-Value in both predictive and Agile projects is explained. A realistic numerical example is used to explain this approach in detail.

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Talent Triangle Alignment

This video qualifies for the following PDUs:
PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC Technical 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Leadership 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Strategic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00