Project Team Blending
As project manager’s we need to have a knack for rallying teams toward a common goal rather quickly. Over the years I have used the following key principles and activities to blend teams and provide …
Project Management Training
Introduction to EVM – The Cherry on Top of the Cake
As an added bonus, Earned Value enables us to predict future project performance based on the CPI and SPI. To predict future project cost we can calculate two indicators: Estimated Cost At Completion Optimistic (ECAC …
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Introduction to EVM – The Toppings
Until now, we have been talking about the key values related to a task. But what about work packages? Let us assume the following example: Since no resources are assigned to the Work Package, we …
Introduction to EVM – The Frosting
The example of last week presents us with some good and bad news. But how much more productive were we and how much behind schedule are we? The EV technique presents us with the results …
Introduction to EVM – The Cake
Financial Pitfalls Never wonder why each week the project is always on budget but the project always finishes costing more or finishing latter? Imagine that you have a three-day project with one task done by …
Earned Value Management Applied to Small Projects Case Study
The project where the previously described EVM model was applied was in a IT project with the goal of deploying a business supporting infra-structure for a company in the financial market. The project FTE is …
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Earned Value Management Applied to Small Projects Basic Model (Part 2)
When a task is recovering (a task is recovering when it was supposed to have finished but it is still being executed) EV is going to progress towards PV and PV is always the same …
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Earned Value Management Applied to Small Projects Basic Model (Part 1)
Commonly EVM has seen a very good acceptance in projects of very big dimension (usually called multi-million dollar projects) and unfortunately it’s also been a general practice to disregard the use of EVM in small projects (up …
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SOX and EVM
Hi, Want to know what is the relationship between the Sarbanes-Oxley Act of 2002 (SOX) and Earned Value? There is a great article about it at http://www.line56.com/articles/default.asp?articleID=6099&TopicID=3 Now that more and more European companies worry about …
Human Resources Management
Hi, The art/science of managing people on a project environment is one of the most important aspects of project management. The project team quality is as good as the quality of the actions of the …