Earned Value Project Management
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Earned Value Project Management Fourth Edition
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Author : Quentin W. Fleming
language : en
Publisher: Project Management Institute
Release Date : 2016-12-20
Earned Value Project Management Fourth Edition written by Quentin W. Fleming and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-20 with Business & Economics categories.
Earned Value Project Management (EVPM) is a methodology used to measure and communicate the real physical progress of a project taking into account the work completed, the time taken and the costs incurred to complete that work. As a result, EVPM allows more educated and effective management decision-making, which helps evaluate and control project risk by measuring project progress in monetary terms. In the first two editions of Earned Value Project Management, Quentin W. Fleming and Joel M. Koppelman provided guidance for project management practitioners already familiar with EVPM, was well as those who were new to the use of this technique. The third edition expanded the information available on of EVPM for medium and smaller projects while still being relevant for larger projects. An important addition to Earned Value Project Management &– Fourth Edition is the discussion of the two perceptions of the EVM concept. Both are valid, but one is better suited to the management of major projects while the other appropriate for use on all projects. The authors cover both perceptions in this book, with a bias in favor of simple, broad-based EVM for use on all projects.
The Standard For Earned Value Management
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Author : Project Management Institute Project Management Institute
language : en
Publisher: Project Management Institute
Release Date : 2020-04-13
The Standard For Earned Value Management written by Project Management Institute Project Management Institute and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-13 with Business & Economics categories.
Earned value management (EVM) is a management methodology for integrating scope, schedule, and resources; objectively measuring project performance and progress; and forecasting project outcome. It is considered by many to be one of the most effective performance measurement and feedback tools for managing projects. The Standard for Earned Value Management builds on the concepts for EVM described in the Practice Standard for Earned Value Management and includes enhanced project delivery information, by integrating concepts and practices from the PMBOK® Guide – Sixth Edition and The Agile Practice Guide. A central theme in this standard is the recognition that the definition for value in EVM has expanded. While the term retains its traditional definition in terms of project cost, it embraces current practice by including the concept of earned schedule. This standard also integrates hybrid methodologies that blend together historical EVM concepts with the needs of the agile practitioner, all with an eye towards aiding the project team in enhancing overall project delivery. This standard is a useful tool for experienced project management practitioners who are seeking to expand and update their knowledge of the field as well as less experienced practitioners who want to learn other approaches for managing project performance. It provides insight and detailed explanations of the basic elements and processes of EVM, and demonstrates how to scale EVM to fit varying project sizes and situations. This standard includes graphical examples and detailed explanations that will enable the reader to establish and implement EVM on projects in almost any environment and of almost every size. When used together with good project management principles, EVM methodology will provide a greater return on any project and results that will directly benefit your organization.
Project Management Using Earned Value
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Author : Gary C. Humphreys
language : en
Publisher: Humphreys & Assoc
Release Date : 2002-01-01
Project Management Using Earned Value written by Gary C. Humphreys and has been published by Humphreys & Assoc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Cost control categories.
Maximizing Project Value
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Author : John Goodpasture
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2013-02
Maximizing Project Value written by John Goodpasture and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02 with Business & Economics categories.
Increase Project Value = Attain the Goal Maximizing project value is about optimizing the tradeoff between project value and business value, two values that are constantly in tension between the project manager and the project sponsor. In this book the author brings his wealth of experience in project management to demonstrate how to increase a project's value and ultimately contribute to the attainment of business goals From exploring the nature of “value,” as tangible resources and moral or ethical attributes, to how best to approach decision-making, the book offers thorough coverage of this essential aspect of project management. The tools and methods the author describes include: • Building the business case • Using a project balance sheet • Employing earned value • Introducing game theory for optimizing strategies This valuable reference should be on the desk of every project sponsor, business stakeholder, project manager, portfolio manager, project practitioner, and functional manager.
A Practical Guide To Earned Value Project Management
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Author : Charles I. Budd
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2009-10
A Practical Guide To Earned Value Project Management written by Charles I. Budd and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10 with Business & Economics categories.
The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies
Earned Value Project Management
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Author : Quentin W. Fleming
language : en
Publisher:
Release Date : 2000
Earned Value Project Management written by Quentin W. Fleming and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
Earned value is a project management technique that is emerging as a valuable tool in the management of all projects, including and, in particular, software projects. In its most simple form, earned value equates to fundamental project management. This is not a new book, but rather it is an updated book. Authors Quentin Fleming and Joel Koppelman have made some important additions. In many cases, there will be no changes to a given section. But in other sections, the authors have made substantial revisions to what they had described in the first edition. Fleming and Koppelman's goal remains the same with this update; describe earned value project management in its most fundamental form, for application to all projects, of any size or complexity. Writing in an easy-to-read, friendly, and humorous style characteristic of the best teachers, Fleming and Koppelman have identified the minimum requirements that they feel are necessary to use earned value as a simple tool for project managers. They have also witnessed the use of simple earned value on software projects, and find it particularly exciting. Realistically, a Cost Performance Index (CPI) is the same whether the project is a multibillion-dollar high-technology project, or a simple one hundred thousand-dollar software project. A CPI is a CPI ... period. It is a solid metric that reflects the health of the project. In every chapter, Fleming and Koppelman stick with using simple stories to define their central concept. Their project examples range from peeling potatoes to building a house. Examples are in rounc numbers, and most formulas get no more complicated than one number divided by another. Earned Value ProjectManagement--second edition may be the best-written, most easily understood project management book on the market today. Project managers will welcome this fresh translation of jargon into ordinary English. The authors have mastered a unique early-warning signal of impending cost problems in time for the project manager to react.
Earned Value Management
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Author : Lingguang Song
language : en
Publisher: Project Management Institute
Release Date : 2010-04-01
Earned Value Management written by Lingguang Song and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-01 with Business & Economics categories.
Funded by a research grant from Project Management Institute (PMI) and PMI’s College of Performance Management (CPM), this study’s aim is to help project managers better comprehend and gauge the current level of EVM practice and its user base. A key element of the research is a survey of more than 600 project management practitioners, providing a cross-sectional view of the most current EVM practices. To provide practical and meaningful comparison of EVM practice, respondents are classified by industry sector, motivation for EVM usage, organization role, and geographic location.
Earned Value Project Management
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Author : Quentin W. Fleming
language : en
Publisher:
Release Date : 2010
Earned Value Project Management written by Quentin W. Fleming and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Presents an introduction to earned value management techniques, discussing how they are used to monitor a project's performance against an earned value baseline, notify stakeholders of costs and timelines, and predict final project effectiveness.
The Earned Value Management Maturity Model
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Author : Ray W. Stratton PMP, EVP
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2006-09-01
The Earned Value Management Maturity Model written by Ray W. Stratton PMP, EVP and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-01 with Business & Economics categories.
The Earned Value Management Maturity Model® gives you the fundamental tools needed to build an effective Earned Value Management System (EVMS). This must-have resource makes earned value management easy by defining a maturity model and describing metrics to measure the health and efficiency of your EVMS. Discover valuable ways to improve your EVMS and achieve project success. Through point by point discussions, you will: • Gain fundamental knowledge of Earned Value Management (EVM) • Learn how EVM can be applied to a team, project, program, or organization • Understand how to define what your organization wants from its EVMS • Discover a five stage maturity model for EVMS implementation • Bring your EVMS in line with ANSI 748 guidelines • Review many real or imagined impediments to implementing EVM and how to overcome the real ones PLUS — You'll gain practical EVM experience through a comprehensive case study that follows a fictional company and newly hired project manager. By applying the EVM knowledge and skills covered in the book, the project manager illustrates the ease of implementing an effective EVMS!
Earned Value Management In Easy Steps
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Author : John Carroll
language : en
Publisher: In Easy Steps
Release Date : 2017-09-28
Earned Value Management In Easy Steps written by John Carroll and has been published by In Easy Steps this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-28 with categories.
Measuring Project Progress What we are concerned with in project management has been defined as the Iron Triangle of: Time, Cost and Scope. Traditional project management methodology tends to focus on time and cost, as scope is fixed, isn’t it? But the way progress is typically reported is through the Gantt (or bar) chart, and in particular a tracking Gantt chart illustrates where a project currently is against the schedule. Also typically, the accounts department will produce reports on cost against budget, but this just shows what we have spent up to the last accounting period against the total budget. But this doesn’t really tell us exactly where we are in terms of progress today and where we will be at the end of the project. And that is precisely why Earned Value Management was developed. Earned Value Management Earned Value Management (EVM) helps us to determine the real status of a project. As well as telling us how much time and money we have spent, it also shows us how much we have achieved. Further, it tells us how much we still need to do and provides a good indication of final costs and expected completion dates of the project. EVM builds on, and therefore supports good project management practice and underpins good corporate governance. Its introduction can drive the cultural and organizational change key to supporting these objectives. In summary: It provides an objective measurement of what has been achieved on a project It enables accurate forecasting It provides project management information in a format that is easy for all stakeholders to understand and act upon It provides an early warning of problems, which allows the timely identification and analysis of progress and cost issues and corrective actions to be identified It shows stakeholders whether they’re getting value for money It enables detailed project comparisons across programs and portfolios It can be scaled to fit projects of all sizes and complexities It has the ability to combine measurements of scope, time and cost (the Iron Triangle) in a single integrated system In summary EVM provides a set of metrics that will enable you to accurately report on project progress to date and to completion. In addition, research has shown that the areas of planning and control are significantly improved by the use of EVM; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. Finally it has shown that the use of EVM is a positive predictor of project success. Earned Value Management in easy steps covers: Introduction to EVM Key Elements of EVM EVM Project Life Cycle EVM Planning Using EVM EVM Reporting EVM Criteria EVM Lite Glossary of EVM Terms