Tag: EVM

Agile is in the PMBOK so it must be true

Agile is in the PMBOK so it must be true

Yesterday, I was having coffee with Jesse Fewell and we discussed, among other topics, how the PMP® or Certified ScrumMaster (CSM) credentials legitimize many in the eyes of stakeholders. This is a sore spot for many, particularly for me.  Experience and project leadership trumps a certification any day of the week.  But, for those of…

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2 of 100 Items Missing From the PMBoK

2 of 100 Items Missing From the PMBoK

Variance At Completion (VAC) is the difference between what the project was originally expected (baselined) to cost, versus what it is now expected to cost. Every month, our vendor is required to report this total on the project as a whole and on key deliverables.  I’m used to seeing the numbers reported and how to…

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Project Duration Forecasting

Project Duration Forecasting

I’ve had a subscription to a trade rag called CrossTalk (The Journal of Defense Software Engineering) for a few years now. I’ve read the articles but none really got my attention and kept it. In the December 2008 issue, there is an article about comparing Earned Value Management Methods to Earned Schedule. It was written…

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Earned Value Management (EVM)…the basics

Earned Value Management (EVM)…the basics

Should all projects or programs utilize Earned Value Management? Short answer: No Long answer: The industry standard for project control systems described in American National Standards Institute (ANSI) EIA-748, Earned Value Management Systems, must be implemented on all projects with a total project cost (TPC) greater than $20M for control of project performance during the…

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Applicable quote to Earned Value Management

Applicable quote to Earned Value Management

While I was doing some research for my book, I came across an excellent quote by Bill Hewlett.  Do you think your boss understands this quote? “You cannot manage what you cannot measure…and what gets measured gets done.” — Bill Hewlett, Hewlett Packard