Here’s What You Can Expect From The EVMS Certification Process So, you’re ready to get your Earned Value Management System certified? Fantastic! Whether you’ve already secured a contract that requires EVMS compliance, or you are just starting your journey of working on those kinds of programs, certification is the benchmark you need to achieve. An […]
3 Types of EVMS Reviews
The world of Earned Value Management (EVM) seems to be awash with different EVMS reviews. Your organization has to successfully prepare for, show up to and actively participate in all of them in order to demonstrate compliance and understanding. Your Earned Value Management System (EVMS) will be tested, as well as your team’s ability to […]
Earned Value Management Software: A Buyer’s Selection Guide
So you need to select earned value management software? You’re in the right place. Making an investment in an EVMS is a big decision for any organization. In this bumper earned value management software buyer’s guide, we’ll take you through the 10 steps for choosing the right product for you, from working out your reasons […]
3 Limitations of Earned Value (EV) and How to Overcome Them
Earned Value Management (EVM) is a requirement for many government contracts, and specified by many clients looking to secure project teams to deliver their work. If you are taking your first steps into Earned Value (EV) to meet the demands of your clients, it’s worth understanding a little about the limitations of the system so […]
Planned Value and Earned Value: What’s the Difference?
What is the difference between Planned Value (PV) and Earned Value (EV)? If you’ve got team members asking you this, or you are trying to work it out for yourself, look no further! In this article, we’ll answer the question: “How do you calculate EV and PV?” and give you a worked example for both […]
How to Communicate Earned Value Data
Communication is a huge part of any project manager’s role. There are status reports to produce, performance graphs to analyze and stakeholders to talk to. Earned Value (EV) data is crucial aspect of communicating project progress accurately and transparently, and in this article we’ll look at several ways you can do that with reports and […]
How to Calculate Estimate at Completion
Working out how much your project is going to cost is simple, right? It might be a straightforward calculation, but EAC (Estimate at Completion) can be calculated in a number of different ways depending on the currently available data. It’s important to know what calculation is being used so that everyone understands what the EAC […]
3 Ways to Measure Progress for Earned Value
Measuring progress for Earned Value One of the important premises of earned value management is that you have a defined way of measuring progress for each task. Some of the formulas need you to calculate how much of the work is done, either at project level or at task level. You can use percent complete: […]
How to Calculate TCPI: The Formulas Explained
How to Calculate TCPI How do you know if an estimate to complete a project is reasonable, based on how the team is performing today? Earned Value Management has a host of calculations available to you to help better understand project performance. In this article we are looking at TCPI which can answer that question. […]
7 Questions Earned Value Management (EVM) Can Answer
Are you considering using earned value management (EVM) on your projects? Or wondering what it can do for you? Well, do you want to know the answer to any of these questions? Are we currently over or under budget? Are we delivering more or less work than we planned? How much is the project going […]