This article looks at some strategies for loading estimated actual costs, sometimes referred to as accruals, into your Deltek Cobra project. The first question you might asks is “Estimated Actuals”? Isn’t that something of an oxymoron? How can one have an estimated actual cost, surely it’s one or the other, right? For those of you […]
What is Earned Value Management
Have you been asked to look into earned value management for your organization in advance of bidding for a government contract? You’re in the right place. In this article, you’ll learn what is earned value management and how you can use it for your projects. We’ve put together a US contractor’s guide covering earned value […]
A Guide to Level of Effort (LOE)
If you work in an environment with earned value management, you’ll probably have come across Level of Effort (LOE). And you might have seen the accompanying eye rolls as people tried to justify why it was important that their work is tracked with LOE and not in any other way. So what is it all […]
Project Audits, Reviews and Assurance: Understanding the Difference
Know the Difference: Project Audits, Reviews and Assurance As a project manager carrying out work for clients, your deliverables and processes need to be assured. After all, the client wants to know they are getting the best possible return and that the work is being managed in a way that conforms to the appropriate industry […]
Deltek Cobra Integration with Primavera P6 – How To Guide
This article shows how to setup Deltek Cobra integration with Primavera P6. We will take you through the process, step-by-step and complete with screens shots, showing you exactly what you need to do. Overview In summary, the steps to setup Deltek Cobra integration with Primavera P6 are as follows: Install a recent version of Java […]
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 […]
3 Case Studies for Project Management
Learn From Project Management Case Studies Projects may feel unique to your organization, but you can bet that someone out there has lived through the same challenges as you! That’s why it’s useful to read project management case studies to see how other organizations tackle problems common to all kinds of industries. Problems like: Needing […]
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 […]
Introducing the Practice Standard for Earned Value Management
The Practice Standard for Earned Value Management from PMI is now in its second edition and has quickly become a much-referred to (and searched for) guide to how to use earned value in a project context. It’s a standard, so it doesn’t mandate how you have to do anything. Instead, it describes common practice, established […]
What is CPI – Cost Performance Index?
Cost Performance Index (CPI) is an important figure to calculate and understand if your organization is using earned value management methods. But what exactly is it? This is your complete guide to CPI in project management, and we’ll start with making sure we’re clear on what the term means. Here’s a definition of CPI: CPI […]