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Time is Money: The Importance of Earned Value Management

MPUG

Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. Planned Value (PV) is the authorized budget assigned to scheduled work, the total budgeted cost of the planned work. EVM in Microsoft Project.

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Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible Performance Measurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).

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Deconstructing The Cone of Uncertainty

Herding Cats

Shipping on time, to specifications, and within budget might be meaningless if a competitor is shipping software that has a greater value to the market. The notion of reducing uncertainty may be possible, but shipping on time and budget may be meaningless if a competitor ships greater value. Laird and M. 37–48, 2007. .

2007 42
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Cone of Uncertainty - Part Cinq

Herding Cats

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1] Resources. [1]

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Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

The Measures that are modeled in the Cone of Uncertainty are the Quantitative basis of a control process that establishes the goal for the performance measures. This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Resources. [1] Resources. [1] Air Force. [4]

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Cone of Uncertainty - Part Trois

Herding Cats

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1] Air Force. [4]

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Complete Collection of Project Management Statistics 2015

Wrike

Organizations that use a methodology: 38% meet budget. VS. Organizations that don’t use a methodology: 31% meet budget. More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. How Project Success is Measured: 20% — Satisfied stakeholders. 18% — Delivered within budget.

2015 60