8 Questions Clients Ask and How to Use Earned Value to Answer Them Project stakeholders are a demanding bunch. They have normally got a lot of questions about project performance and they always seem to want to know something about how the work is going. They would, wouldn’t they? But what would you answer? Here […]
The Role of the Control Account Manager During a Review
The Control Account Manager role is integral to using Earned Value Management in your organization. The person in that role is responsible for the delivery of a chunk of the project or program, with full oversight over the cost, schedule and technical performance. In other words, the buck stops with them for the piece of […]
How Do You Respond to Corrective Action?
Have you recently undergone a project review and received a Corrective Action Request (CAR) or a Discrepancy Report (DR)? If so, your next step is to quickly respond to them in the most appropriate way, to let the client know you are taking the findings seriously and have a plan to address them so those […]
What To Expect From the EVMS Certification Process
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 […]