The Principles Of Earned Value Management

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The Standard for Earned Value Management

Author : Project Management Institute Project Management Institute
Publisher : Project Management Institute
ISBN 13 : 1628256397
Total Pages : 260 pages
Book Rating : 4.6/5 (282 download)

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Book Synopsis The Standard for Earned Value Management by : Project Management Institute Project Management Institute

Download or read book The Standard for Earned Value Management written by Project Management Institute Project Management Institute and published by Project Management Institute. This book was released on 2020-04-13 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earned value management (EVM) is a management methodology for integrating scope, schedule, and resources; objectively measuring project performance and progress; and forecasting project outcome. It is considered by many to be one of the most effective performance measurement and feedback tools for managing projects. The Standard for Earned Value Management builds on the concepts for EVM described in the Practice Standard for Earned Value Management and includes enhanced project delivery information, by integrating concepts and practices from the PMBOK® Guide – Sixth Edition and The Agile Practice Guide. A central theme in this standard is the recognition that the definition for value in EVM has expanded. While the term retains its traditional definition in terms of project cost, it embraces current practice by including the concept of earned schedule. This standard also integrates hybrid methodologies that blend together historical EVM concepts with the needs of the agile practitioner, all with an eye towards aiding the project team in enhancing overall project delivery. This standard is a useful tool for experienced project management practitioners who are seeking to expand and update their knowledge of the field as well as less experienced practitioners who want to learn other approaches for managing project performance. It provides insight and detailed explanations of the basic elements and processes of EVM, and demonstrates how to scale EVM to fit varying project sizes and situations. This standard includes graphical examples and detailed explanations that will enable the reader to establish and implement EVM on projects in almost any environment and of almost every size. When used together with good project management principles, EVM methodology will provide a greater return on any project and results that will directly benefit your organization.

Practice Standard for Earned Value Management

Author : Project Management Institute
Publisher :
ISBN 13 : 9781935589358
Total Pages : 0 pages
Book Rating : 4.5/5 (893 download)

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Book Synopsis Practice Standard for Earned Value Management by : Project Management Institute

Download or read book Practice Standard for Earned Value Management written by Project Management Institute and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents basic practice standards for the project management process, covering such topics as organizing a project, developing a schedule, establishing a budget, setting up a performance measure baseline, and analyzing project performance.

Earned Value Management

Author :
Publisher :
ISBN 13 : 9781903494264
Total Pages : 0 pages
Book Rating : 4.4/5 (942 download)

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Book Synopsis Earned Value Management by :

Download or read book Earned Value Management written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Performance-Based Earned Value

Author : Paul Solomon
Publisher : Wiley-IEEE Computer Society Press
ISBN 13 :
Total Pages : 322 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Performance-Based Earned Value by : Paul Solomon

Download or read book Performance-Based Earned Value written by Paul Solomon and published by Wiley-IEEE Computer Society Press. This book was released on 2007 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete toolkit for implementation of Earned Value Management Performance-Based Earned Value uniquely shows project managers how to effectively integrate technical, schedule, and cost objectives by improving earned value management (EVM) practices. Providing innovative guidelines, methods, examples, and templates consistent with capability models and standards, this book approaches EVM from a practical level with understandable techniques that are applicable to the management of any project. Clear and unambiguous instructions explain how to incorporate EVM with key systems engineering, software engineering, and project management processes such as establishing the technical or quality baseline, requirements management, using product metrics, and meeting success criteria for technical reviews. Detailed information is included on linking product requirements, project work products, the project plan, and the Performance Measurement Baseline (PMB), as well as correlating technical performance measures (TPM) with EVM. With straightforward instructions on how to use EVM on a simple project, such as building a house, and on complex projects, such as high-risk IT and engineering development projects, it is the only book that includes excerpts from the PMI®'s Project Management Body of Knowledge (PMBOK®), CMMI, the EVM System standard, systems engineering standards, federal acquisition regulations, and Department of Defense guides. Performance-Based Earned Value allows both novices and experienced project managers, including project manager of suppliers and customers in the commercial and government sectors; software and systems engineering process improvement leaders; CMMI appraisers; PMI members; and IEEE Computer Society members to: Incorporate product requirements and planned quality into the PMB Conduct an Integrated Baseline Review Analyze performance reports Perform independent assessments and predictive analysis Ensure that key TPMs are selected, monitored, and reported Identify the right success criteria for technical reviews Develop techniques for monitoring and controlling supplier performance Integrate risk management with EVM Comply with government acquisition policies and regulations Written by Paul Solomon and Ralph Young, internationally recognized industry experts, Performance-Based Earned Value is constructed from guidance in standards and capability models for EVM, systems engineering, software engineering, and project management. It is the complete guide to EVM, invaluable in helping students prepare for the PMI®-PMP® exam with practical examples and templates to facilitate understanding, and in guiding project professionals in the private and public sectors to use EVM on complex projects. (PMI, PMBOK, PMP, and Project Management Professional are registered marks of the Project Management Institute, Inc.)

The Principles of Earned Value Management

Author : James Kudzal
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781535222235
Total Pages : 316 pages
Book Rating : 4.2/5 (222 download)

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Book Synopsis The Principles of Earned Value Management by : James Kudzal

Download or read book The Principles of Earned Value Management written by James Kudzal and published by Createspace Independent Publishing Platform. This book was released on 2016-09-25 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earned Value Management (EVM) is a system that allows a manager to determine whether a project is on track to meet its cost and schedule objectives. If not on track, the system provides tools to assist in the isolation of the source of the problems. This book is designed to serve a variety of needs on the subject. As a textbook, it can be used by the novice to learn the topics step by step, or by an instructor to provide supplementary course materials and exercises. As a reference manual, it provides the practitioner with a handy source of application examples, definitions, and formulas. In addition to the standard Earned Value Management system, some new concepts are presented here that expand upon the mainstream of EVM practice. There is also a discussion of Earned Schedule for time analysis and forecasting. We think you'll find them useful.

A Practical Guide to Earned Value Project Management

Author : Charles I. Budd PMP
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1523097027
Total Pages : 326 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis A Practical Guide to Earned Value Project Management by : Charles I. Budd PMP

Download or read book A Practical Guide to Earned Value Project Management written by Charles I. Budd PMP and published by Berrett-Koehler Publishers. This book was released on 2009-10 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies

Earned Value Management

Author : Lingguang Song
Publisher : Project Management Institute
ISBN 13 : 1628251336
Total Pages : 170 pages
Book Rating : 4.6/5 (282 download)

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Book Synopsis Earned Value Management by : Lingguang Song

Download or read book Earned Value Management written by Lingguang Song and published by Project Management Institute. This book was released on 2010-04-01 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funded by a research grant from Project Management Institute (PMI) and PMI’s College of Performance Management (CPM), this study’s aim is to help project managers better comprehend and gauge the current level of EVM practice and its user base. A key element of the research is a survey of more than 600 project management practitioners, providing a cross-sectional view of the most current EVM practices. To provide practical and meaningful comparison of EVM practice, respondents are classified by industry sector, motivation for EVM usage, organization role, and geographic location.

Project Management, Planning and Control

Author : Albert Lester
Publisher : Butterworth-Heinemann
ISBN 13 : 9780750669566
Total Pages : 460 pages
Book Rating : 4.6/5 (695 download)

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Book Synopsis Project Management, Planning and Control by : Albert Lester

Download or read book Project Management, Planning and Control written by Albert Lester and published by Butterworth-Heinemann. This book was released on 2007 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fifth edition provides a comprehensive resource for project managers. It describes the latest project management systems that use critical path methods.

Project Management with Dynamic Scheduling

Author : Mario Vanhoucke
Publisher : Springer Science & Business Media
ISBN 13 : 3642404383
Total Pages : 321 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Project Management with Dynamic Scheduling by : Mario Vanhoucke

Download or read book Project Management with Dynamic Scheduling written by Mario Vanhoucke and published by Springer Science & Business Media. This book was released on 2013-11-29 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The topic of this book is known as dynamic scheduling, and is used to refer to three dimensions of project management and scheduling: the construction of a baseline schedule and the analysis of a project schedule’s risk as preparation of the project control phase during project progress. This dynamic scheduling point of view implicitly assumes that the usability of a project’s baseline schedule is rather limited and only acts as a point of reference in the project life cycle. Consequently, a project schedule should especially be considered as nothing more than a predictive model that can be used for resource efficiency calculations, time and cost risk analyses, project tracking and performance measurement, and so on. In this book, the three dimensions of dynamic scheduling are highlighted in detail and are based on and inspired by a combination of academic research studies at Ghent University (www.ugent.be), in-company trainings at Vlerick Business School (www.vlerick.com) and consultancy projects at OR-AS (www.or-as.be). First, the construction of a project baseline schedule is a central theme throughout the various chapters of the book, and is discussed from a complexity point of view with and without the presence of project resources. Second, the creation of an awareness of the weak parts in a baseline schedule is discussed at the end of the two baseline scheduling parts as schedule risk analysis techniques that can be applied on top of the baseline schedule. Third, the baseline schedule and its risk analyses can be used as guidelines during the project control step where actual deviations can be corrected within the margins of the project’s time and cost reserves. The second edition of this book has seen corrections, additions and amendments in detail throughout the book. Moreover Chapter 15 on "Dynamic Scheduling with ProTrack" has been completely rewritten and extended with a section on "ProTrack as a research tool".

Earned Value Project Management

Author : Quentin W. Fleming
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Earned Value Project Management by : Quentin W. Fleming

Download or read book Earned Value Project Management written by Quentin W. Fleming and published by . This book was released on 2000 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earned value is a project management technique that is emerging as a valuable tool in the management of all projects, including and, in particular, software projects. In its most simple form, earned value equates to fundamental project management. This is not a new book, but rather it is an updated book. Authors Quentin Fleming and Joel Koppelman have made some important additions. In many cases, there will be no changes to a given section. But in other sections, the authors have made substantial revisions to what they had described in the first edition. Fleming and Koppelman's goal remains the same with this update; describe earned value project management in its most fundamental form, for application to all projects, of any size or complexity. Writing in an easy-to-read, friendly, and humorous style characteristic of the best teachers, Fleming and Koppelman have identified the minimum requirements that they feel are necessary to use earned value as a simple tool for project managers. They have also witnessed the use of simple earned value on software projects, and find it particularly exciting. Realistically, a Cost Performance Index (CPI) is the same whether the project is a multibillion-dollar high-technology project, or a simple one hundred thousand-dollar software project. A CPI is a CPI ... period. It is a solid metric that reflects the health of the project. In every chapter, Fleming and Koppelman stick with using simple stories to define their central concept. Their project examples range from peeling potatoes to building a house. Examples are in rounc numbers, and most formulas get no more complicated than one number divided by another. Earned Value ProjectManagement--second edition may be the best-written, most easily understood project management book on the market today. Project managers will welcome this fresh translation of jargon into ordinary English. The authors have mastered a unique early-warning signal of impending cost problems in time for the project manager to react.

Analytical Hierarchy Process, Earned Value and Other Project Management Themes

Author : Ricardo Viana Vargas
Publisher : CreateSpace
ISBN 13 : 9781502528124
Total Pages : 188 pages
Book Rating : 4.5/5 (281 download)

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Book Synopsis Analytical Hierarchy Process, Earned Value and Other Project Management Themes by : Ricardo Viana Vargas

Download or read book Analytical Hierarchy Process, Earned Value and Other Project Management Themes written by Ricardo Viana Vargas and published by CreateSpace. This book was released on 2014-09-26 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twelve technical articles from 1999 to 2014 that will help the understanding of the project management context.

Performance-Based Project Management

Author : Glen Alleman
Publisher : AMACOM
ISBN 13 : 0814433316
Total Pages : 277 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Performance-Based Project Management by : Glen Alleman

Download or read book Performance-Based Project Management written by Glen Alleman and published by AMACOM. This book was released on 2014-02-13 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even the most experienced project managers aren’t immune to the more common and destructive reasons for project collapses. Poor time and budget performance, failure to deal with complexity, uncontrolled changes in scope . . . they can catch anyone off guard. Performance-Based Project Management can help radically improve your project’s success rate, despite these and other obstacles that will try to take it down. Readers will discover how they can increase the probability of project success, detailing a step-by-step plan for avoiding surprises, forecasting performance, identifying risk, and taking corrective action to keep a project a success. Project leaders wishing to stand out among their peers who are continually hampered by these unexpected failures will learn how to:• Assess the business capabilities needed for a project• Plan and schedule the work• Determine the resources required to complete on time and on budget• Identify and manage risks to success• Measure performance in units meaningful to decision makersBy connecting mission strategy with project execution, this invaluable resource for project managers in every industry will help bring projects to successful, career-enhancing completion.

Project Management Using Earned Value

Author : Gary C. Humphreys
Publisher : Humphreys & Assoc
ISBN 13 : 9780970861405
Total Pages : 904 pages
Book Rating : 4.8/5 (614 download)

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Book Synopsis Project Management Using Earned Value by : Gary C. Humphreys

Download or read book Project Management Using Earned Value written by Gary C. Humphreys and published by Humphreys & Assoc. This book was released on 2002-01-01 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt:

eXtreme Project Management

Author : Douglas DeCarlo
Publisher : John Wiley & Sons
ISBN 13 : 0470573678
Total Pages : 560 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis eXtreme Project Management by : Douglas DeCarlo

Download or read book eXtreme Project Management written by Douglas DeCarlo and published by John Wiley & Sons. This book was released on 2010-10-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s new breed, eXtreme projects are different. They feature high speed, high change, high complexity, high risk, and high stress. While traditional projects follow the classic model of ready, aim, fire, eXtreme project managers succeed by shooting the gun and then redirecting the bullet while not loosing sight of their moving target. eXtreme Project Management provides a practical guide for leaders working under high risk and high pressure while producing the desired bottom-line results. Based on Doug DeCarlo’s extensive experience in working with more than 250 project teams, his eXtreme project management model is built around an integrated set of principles, values, skills, tools, and practices proven to consistently work under conditions of rapid change and uncertainty. eXtreme project management is based on the premise that you don’t manage the unknown the same way you manage the known. It’s a people-centric approach to high performance that makes quality of life a fundamental part of the project venture.

Earned Value Management – Fast Start Guide

Author : Roland Wanner
Publisher : Proconis Publishing
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4./5 ( download)

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Book Synopsis Earned Value Management – Fast Start Guide by : Roland Wanner

Download or read book Earned Value Management – Fast Start Guide written by Roland Wanner and published by Proconis Publishing. This book was released on 2020-02-16 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover How to Make Your Project Control Even More Effective and Bring More Transparency and Security to Your Projects This book covers the basic concepts of EARNED VALUE MANAGEMENT in an easy understandable way. You will find on more than 200 pages comprehensive knowledge about Earned Value Management, simply explained with more than 50 illustrations – and aligned with the PMBOK® Guide 6th Edition 2018. Project control and reporting of costs, schedules, technical progress and risks is essential in projects. With EARNED VALUE MANAGEMENT (EVM) you get an extremely effective project control tool to bring the necessary transparency and security to your projects. Find out the answers to this difficult questions: - The actual costs are lower than the planned costs. Does this mean that the project is working well or that it is behind schedule? - The actual costs are higher than the planned costs and the project is half completed. What are the estimated costs of the project when it is completed? - When will the project be completed? - How efficiently are we using our time and resources? - How much will the profit or ROI be at the end of the project? With the answers to these questions you will quickly know the real status and health of your project. Overly optimistic estimates regarding actual project progress are quickly revealed with the EVM performance figures. This way you obtain early warning signals to manage y our project successfully and you can also make early forecasts of the project end costs and the probable project duration. In this book you will discover the most important concepts of Earned Value Management in order to apply it successfully. You will learn about the following topics: - Project control fundamentals - The Genesis of Earned Value Management - What is Earned Value Management and why do we need it? - Project and budget planning when using Earned Value Management - The calculation of the Earned Values and its derived EVM performance figures - Project monitoring and forecasts with EVM performance figures - Reporting when using Earned Value Management - Implementing Earned Value Management With its comprehensive glossary containing definitions of all key terms, this book is equally suitable as a comprehensive introduction and as a reference book for everyday work. This book is an indispensable manual for beginners in the EVM topic but also for experienced Project Managers, Project Controls Specialists and Project Portfolio Managers who have the first contact with EVM. The terminology used in this book is Check out the preview! Buy this book to make your projects even more successful!

Construction Project Management

Author : S. Keoki Sears
Publisher : John Wiley & Sons
ISBN 13 : 1118000242
Total Pages : 419 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Construction Project Management by : S. Keoki Sears

Download or read book Construction Project Management written by S. Keoki Sears and published by John Wiley & Sons. This book was released on 2010-09-29 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than thirty years, Construction Project Management by Clough and Sears has been considered the preeminent guide to the Critical Path Method (CPM) of project scheduling. It combines a solid foundation in the principles and fundamentals of CPM with particular emphasis on project planning, demonstrated through an example project. This Fifth Edition features a range of improvements. New pedagogical devices improve absorption of the material. Updated labor, material, and equipment pricing is incorporated into the text. Coverage is enhanced by discussions of contemporary planning and management methods such as Work Breakdown Structures (WBS) and the Earned Value Management System (EVMS). A highway bridge with a complete cost estimate, including SI units, illustrates each of the principles of project management. Using this basic information and the case studies in the appendix, readers are given project management problems and hands-on project management experience. The Fifth Edition features include: Complete coverage of planning and scheduling principles that apply to every type of construction project Expanded coverage of production planning Large foldout illustrations conveniently integrated throughout the book Thorough and up to date, Construction Project Management, Fifth Edition is a superb text for students and an indispensable on-the-job reference for builders, architects, civil engineers, and other construction professionals.

Value-Driven Project Management

Author : Harold Kerzner
Publisher : John Wiley & Sons
ISBN 13 : 1118174429
Total Pages : 288 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Value-Driven Project Management by : Harold Kerzner

Download or read book Value-Driven Project Management written by Harold Kerzner and published by John Wiley & Sons. This book was released on 2011-08-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the traditional view of project management, if a project manager completed a project and had adhered to the triple constraints of time, cost, and performance, the project was considered a success. Today, in the eyes of the customer and the parent or sponsoring company, if a completed project did not deliver its anticipated value, it would be seen as a failure. Today's changing economic climate, marked by an increasingly competitive global environment, is driving project managers to become more business oriented. Projects must now be viewed from a strategic perspective within the context of a business or enterprise that needs to provide value to both the customer and the organization itself. As a result, project managers are now required to possess the skills to complete a project within certain specifications, and also know how to create and deliver value. Responding to the needs of today's project managers, Value-Driven Project Management begins by changing the paradigm of project management. Rather than judge the success of a project from the perspectives of time, budget, and quality, the authors demonstrate why success is only achieved when planned business values are met, including: Internal value Financial value Future value Customer-related value The authors also offer best practices that allow you and your organization to create additional value in efficiency, customer satisfaction, and enhanced products and services. Finally, the book helps you incorporate value into clearly defined business objectives and "sell" the value-driven process to executives. Throughout the book, helpful illustrations clarify complex concepts and processes. Assigning valuable resources to projects that don't provide some tangible form of value to the organization and to the client is poor management and poor decision-making. On the other hand, selecting and implementing projects that will deliver value and an acceptable return on investment is effective management and decision-making, but is very challenging, especially when a project may not provide its target value for years to come. With Value-Driven Project Management in hand, you'll discover the tools you need to ensure that projects deliver true value upon their completion.