Having EVM Implementation Challenges? Here’s Why EVM Implementations Fail Earned Value Management is a powerful, objective project performance tracking tool. When you use EVM, you gain access to numerical measures of progress that enable you to spot trends and predict future performance. Project teams that use EVM come to value the data and insights it […]
What is a Corrective Action Plan?
A Corrective Action Plan (CAP) is simply a step-by-step plan you put together to address any causes of concern in your current project plans. It’s a way of documenting issues and agreeing a shared approach to addressing them in order to bring a project back into a situation that feels in control. In this article […]
The 8 Earned Value Management Formulas You Should Know
What are the earned value management formulas you need to know? In this article we’ll look at 8 calculations for earned value that will help you understand project performance. Before we dive into those, let’s look at a couple of terms that make understanding the calculations easier, even though they don’t have formulas themselves. Terms […]
What Kind of Projects Use Earned Value Management?
Does Your Project Use Earned Value Management? You’ve heard about earned value management as a way to track and monitor project performance. But is it right for your project? We’re often asked what kinds of projects get most value out of adopting an EVM system for project management. Every project is unique in its own […]
What is SPI – Schedule Performance Index?
Schedule Performance Index (SPI) is a term you might have come across in relation to earned value management methods. If your organization uses earned value to track project performance, you might have to calculate and report on SPI regularly. But what exactly is it? In this guide to SPI in project management we’ll cover what […]
Earned Value Management (EVM) Explained in Layman’s Terms
Earned Value Management (EVM) is a systematic program/project management process that helps managers to measure program performance. In government contracting, the guideline used in setting up and implementing EVM is EIA-748 Earned Value Management Guidelines. Earned Value Management (EVM) removes the guesswork from program performance by using a program’s performance metrics to provide accurate data. […]
Earned Value Management Scalability Guide Released by the NDIA
Earlier this year, the NDIA (National Defense Industry Association) released the Earned Value Management Scalability Guide. The NDIA IPMD Civilian Agency Industry Working Group (CAIWG) created this guide to help civilian government agencies and their suppliers implement EVM on smaller programs. The US government contractual mandates the use of Earned Value Management Systems (EVMS) on […]
What is an Integrated Master Schedule?
Have you got questions about Integrated Master Schedules (IMS)? You’re in the right place! We’re going to answer all your IMS questions. Understanding the IMS is critical if you want to set up and run earned value services in your organisation. It’s also useful if you simply want a big picture view of all the […]
10 Earned Value Management Interview Questions
Earned Value Management Interview Questions If you’re looking to augment your team with someone who can effectively use Earned Value Management techniques? It’s important to thoroughly test their abilities during the recruitment phase so you are confident they’ll be able to do the job. Whether they’re joining your team as a project controller, a control […]
The New IPMDAR is Released
The DoD in April has released it’s latest revision of the IPMDAR (Integrated Program Management Data and Analysis Report). The Earned Value Management (EVM), a division of Acquisition, Analytics and Policy (AAP) within the Acquisition Enablers organization serves as the Department of Defense (DoD) focal point for all policy, guidance, and competency relating to EVM. […]