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"Notes and Podcast info from the PMlessonLearned.com Conference Call: Topic: Project Cost Management: Earned Value Management (PMPExamPrep) PMlessonsLearned.com founder and PM Best Practices host: Henry Will, PMP PMlessonsLearned.com PMPExamPrep host: David Radkovich PMP Presenter: David Radkovich, PMP, EVP, Earned Value Analyst, Subsystems Technologies – Picatinny Arsenal, New Jersey Date of Conference Call: 03Sep2009 Podcast Number: 0079 If you're studying for the PMP Exam, you may want to listen to the MP3s of past PMP Exam Study Group conference calls. They're located in our Archive (see the link on our website). PRESENTATION: The PMP examination is now based on version 4 of the Guide To the Product Management Book of Knowledge (PMBoK). This month's PMP Study call focuses on the Earned Value Management tool that is part of the Project Cost Management knowledge area as laid out in Version 4. David Radkovich, PMP, EVP will provide insight and practical examples of everything you need to know to building your critical knowledge mass and pass the PMP exam on the first attempt. PRESENTERS BIO: ==================================== Please join us for a future conference call (they're all free and open to all). We currently have several calls a month. See our calendar of future calls via the link on our website. If you're looking for a PM job, we invite you to join our FREE PM JOB SHOP conference calls. Join the Yahoo Group here: http://groups.yahoo.com/group/pmjobshop We highly recommend that you join the free PM Lessons Learned Yahoo group in order to get announcements of our calls and other information to further your PM career. http://groups.yahoo.com/group/pmLessonsLearned Join our Yahoo group for details, reminders of the calls, and information to help you in your PM Career. Visit the website for details. PMLessonsLearned.com - Project Managers helping Project Managers. Open to all."

"Notes and Podcast info from the PMlessonLearned.com Conference Call: Topic: Project Cost Management: Earned Value Management (PMPExamPrep) PMlessonsLearned.com founder and PM Best Practices host: Henry Will, PMP PMlessonsLearned.com PMPExamPrep host: David Radkovich PMP Presenter: David Radkovich, PMP, EVP, Earned Value Analyst, Subsystems Technologies – Picatinny Arsenal, New Jersey Date of Conference Call: 03Sep2009 Podcast Number: 0079 If you're studying for the PMP Exam, you may want to listen to the MP3s of past PMP Exam Study Group conference calls. They're located in our Archive (see the link on our website). PRESENTATION: The PMP examination is now based on version 4 of the Guide To the Product Management Book of Knowledge (PMBoK). This month's PMP Study call focuses on the Earned Value Management tool that is part of the Project Cost Management knowledge area as laid out in Version 4. David Radkovich, PMP, EVP will provide insight and practical examples of everything you need to know to building your critical knowledge mass and pass the PMP exam on the first attempt. PRESENTERS BIO: ==================================== Please join us for a future conference call (they're all free and open to all). We currently have several calls a month. See our calendar of future calls via the link on our website. If you're looking for a PM job, we invite you to join our FREE PM JOB SHOP conference calls. Join the Yahoo Group here: http://groups.yahoo.com/group/pmjobshop We highly recommend that you join the free PM Lessons Learned Yahoo group in order to get announcements of our calls and other information to further your PM career. http://groups.yahoo.com/group/pmLessonsLearned Join our Yahoo group for details, reminders of the calls, and information to help you in your PM Career. Visit the website for details. PMLessonsLearned.com - Project Managers helping Project Managers. Open to all."

The primary objective of this research was to demonstrate how Earned Value Management (EVM) principles can be applicable for non-major programs that spend money within the Department of Defense. This Joint Applied Project provided a tailorable EVM approach, both for contracts that do not meet the threshold, and contracts that have a waiver and need modified levels of cost, schedule and performance reporting. The immediate objective of this research project was to examine the question: Can the application of EVM-Lite project management techniques improve the reporting metrics to assess acquisition category (ACAT) II and III cost and schedule performance trends across programs? The JAP examined the background of present cost and schedule reporting currently being used for non-major DOD programs. A comparative analysis was conducted on ACAT II and III programs to define the key issues related to accuracy, completeness, and consistency with data received by the contractor to measure performance. The results indicated that by the use of EVM techniques, ACAT II and III programs can improve data reliability and effectively measure cost and schedule performance. An example of the EVM concepts was demonstrated as a starting point and where tailoring is appropriate.

The Earn Value Management Pilot provided a tremendous amount of data on the strengths and weaknesses of the new financial system, the ability to support EVM from many viewpoints, the lack of tools for small to medium projects implementing EVM, and the training and environment necessary to successfully deploy EVM to all projects. This data along with other pilots will prove invaluable. Deploying EVM should not be taken lightly - a full assessment of capabilities and supporting infrastructure should be done prior to any deployment, and some very basic questions should be asked. For instance, will sufficient training be provided? Can the project managers readily and easily obtain all the necessary data? If EVM is to thrive in all projects regardless of cost, the transition should be as seamless as possible, minimizing cost and effort, and with the end user in mind. In setting up an EVM implementation, the question, "How does the project manager benefit from this process?" must remain at the forefront. Further research in this area is needed to answer the question,"Is EVM cost effective in small projects?" The authors welcome knowledge sharing with other organizations that are striving to gain the benefits of EVM on small projects.

Includes bibliographical references (p. 189-191) and index

Includes bibliographical references (p. 189-191) and index

Includes bibliographical references (p. 189-191) and index

Includes bibliographical references (p. 189-191) and index

Earned Value Management (EVM), like project management, is as much art as it is science to develop an implementation plan for a project. This presentation will cover issues that were overcome and the implementation strategy to deploy Earned Value Management (EVM) within the Constellation Program (CxP), EVA Systems Project Office (ESPO), as well as discuss additional hurdles that currently prevent the organization from optimizing EVM. Each organization and each project within an organization needs to mold an EVM implementation plan around existing processes and tools, while at the same time revising those existing processes and tools as necessary to make them compatible with EVM. The ESPO EVM implementation covers work breakdown structure, organizational breakdown structure, control account, work/planning package development; integrated master schedule development using an integrated master plan; incorporating reporting requirements for existing funding process such as Planning, Programming, Budgeting, and Execution (PPBE) and JSC Internal Task Agreements (ITA); and interfacing with other software tools such as the Systems Applications and Products (SAP) accounting system and the CxP wInsight EVM analysis tool. However, there are always areas for improvement and EVM is no exception. As EVM continues to mature within the NASA CxP, these areas will continue to be worked to resolution to provide the Program Managers, Project Managers, and Control Account Managers the best EVM data possible to make informed decisions.

In most of the construction projects it has been notice that certain causes may lead to delay in construction activities. This will make timeschedule and costbudget overrun in the project. Thus, it has become a major and challenging problem to complete the project on schedule and within the estimated cost. To solve this problem, the concept of construction project management by Earned Value Management System (EVMS) is evaluated. Earned Value Management (EVM) is a technique that finds the stage at which cost and time overrun; EVM technique acts as an early warning and alarming system for budget and schedule. It not only measures the project performance but also measure the progress of the schedule. In our study we have done Earn Value analysis of a construction project which was completed in the year of 2017, based on project data (BOQ, Actual Budget, and Schedule) and inputs which have been collected we are able to perform EVA by using Microsoft Project. The analysis helps in finding out the deviations both in cost as well as in time i.e. schedule variance and cost variance. It is an effective tool to measure cost, schedule & performance of the project. The EVA is useful in various fields such as IT, Industries and Construction companies etc. This paper summarizes the evolution, basic terminologies of Earned Value Analysis and effective use of it in the construction industries by Microsoft Project. Khalid Mohiuddin Khan | Mr. Masoom Reza"Earned Value Management for Design and Construction Project" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17029.pdf http://www.ijtsrd.com/management/other/17029/earned-value-management-for-design-and-construction-project/khalid-mohiuddin-khan