Tag Archives: Earned Value
The Unified Theory of Everything (or at least Schedule, Cost, Risk, and Earned Value)
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Event Description: All organizations that run large Programs for a living must assemble deep expertise in disciplines including scheduling, cost analysis, risk analysis, and earned value management. Each requires…
Earned Schedule Management (ESM)
Imagine the following scenario. You are working on a software implementation project, which has 10 modules to complete. The cost of each module is US$100,000, and you want to complete the project in 10 months. The project actually took 12 months to complete with a cost of US$1.3M. Because of regulatory compliance, you have to…
5 Things to Know about Microsoft Project Baselines
The baseline — whether it be about the schedule, the budget or the scope — is essential in projects. Without it you have no way to measure the performance of your work. But there may be a few things you don’t know about baselines in Microsoft Project. In this article I share five facets of…
Get rid of your last separate Excel sheets: Use your MS project schedule for project financials
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Event Description: Many, many times we see that project timing and project resourcing are managed in MS Project, while project finances are kept in Excel. Using the financial governance capabilities in MS…
How to Do Your Cost Management Right in Project
Often, we see that project timing and project resourcing are managed in Microsoft Project, while project finances are kept in Microsoft Excel. Using the financial governance capabilities in Project is often an unexploited area. If you think about it, this is a waste. Assuming you add rates to resources in Project, that gets you halfway;…
Agile is Not Always the Answer — How to Determine the Right Scheduling Approach for your Project
Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic category of the Talent Triangle. Event Description: There are several scheduling approaches for projects: Agile, Critical Path, Resource-Critical Path, Critical Chain, Earned Value and Earned Work. In his article published in the MPUG-newsletter, Eric proposed a framework with…
The Case of the Clueless Management
At one organization where I worked, the CIO had seen something on the value of earned value. They brought me in to teach a two-day Microsoft Project class to their engineers without mentioning that this was now part of their goals. Every engineer on that team within a few months of the class was…
Ask the Teacher: Earned Value Doesn’t Want to Calculate
Barbara from Denver, CO asks: I want to used earned value calculations to help manage my projects. However, when I look at the BCWS and BCWP fields, the data doesn’t seem to be calculated. What’s going on? Answer: Earned value can be a very helpful indicator of the health of your project. It’s the equalizer…
Certification Insider: Calculation and Security Options
Preparing for your Microsoft certification in Project, exam 70-632? Here, finally, is the last column about Microsoft Project options. (Actually, the Options dialog box has a few more tabs including Interface, Save, Edit, and Spelling, which you can explore at your leisure as they aren’t essential to passing the certification test.) Calculation options control how…
