Earned Value Management (EVM) is a systematic project management process which helps managers to measure project performance. EVM is a technique that is used to track the performance of a project against the project baseline and is very effective assuming the project baseline has been accurately calculated. Earned Value Management works by assessing work progress […]
EVM
EVMIG – Earned Value Management Implementation Guide
The much awaited Earned Value Management Implementation Guide (EVMIG) has been released by the Department of Defense (DoD). It supports organizations that are implementing Earned Value Management (EVM) by offering a flexible approach with the goal of being less burdensome on the contractor. Weighing in at 103 pages, the EVMIG is detailed and comprehensive making […]
What is Authorized Unpriced Work (AUW)
Authorized Unpriced Work or AUW means that a contractor has been authorized by the customer to start work on new contract scope but the budgetary details of which have not yet been negotiated. Authorized Unpriced Work Details and Examples You can think of Authorized Unpriced Work as a change management tool that is designed to mitigate […]
Copying Tables Between Projects In Microsoft Project
Copying tables between projects in Microsoft Project can be a real time saver. After putting the effort into creating a project schedule table, e.g. an Earned Value Management (EVM) analysis table, you will want to save this table set up and copy it to other projects. Microsoft Project has a neat feature that makes this […]
Primavera P6 and Earned Value Management
Most of our clients use Deltek Cobra for Earned Value Management (EVM) analysis of their Primavera P6 schedules. It is, however, possible to perform basic EVM in Primavera P6. EVM has demonstrated, for well over a 50 years, that it is one of the most effective means available to monitor project cost and schedule performance. […]
Deltek Acumen Fuse and the Baseline Execution Index
Deltek Acumen Fuse is becoming increasingly popular because of its numerous tools for analyzing schedule quality. Among its many schedule quality inspection features is the Baseline Execution Index (BEI). Here we take a look at the Deltek Acumen Fuse Baseline Execution Index feature. It’s good project management practice to closely monitor schedule progress. And schedulers […]
Using Microsoft Project for Earned Value Management
Most Earned Value Management (EVM) environments (particularly for ANSI-748 compliance) use scheduling software like Microsoft Project as the input. But you can Microsoft Project EVM to perform some rudimentary earned value management. You probably wouldn’t want to try for a DCMA (Defense Contract Management Agency) EVM certification with just a scheduling tool, but it has […]
How To Avoid (Bad) Surprises on Projects
Don’t like bad surprises? Does this sound familiar? It looks like the projects you lead are going well. The project team is moving forward, the reports are showing everything is Green and you’re happy that the business case still holds up to deliver the benefits. Then at the next project board meeting, your project manager […]
A Brief Introduction to EVM
A Brief Introduction to EVM Earned Value Management is the key to unlocking the door to a plethora of project status metrics is earned value, which is a way of placing a value on the progress of work achieved. But how is earned value specified? Much in Earned Value Management (EVM) hinges on the monetized […]
How To Secure Team Support for EVM
EVM (Earned Value Management) is a tried-and-tested way of managing project performance. But it has a reputation for being difficult to implement and hard to manage. If you’ve made the decision to implement Earned Value Management for project monitoring in your business, you’ll need to overcome a degree of healthy skepticism from your project management […]