Keeping the EVM Love Alive in Your Organization
Upcoming SlideShare
Loading in...5
×
 

Keeping the EVM Love Alive in Your Organization

on

  • 591 views

http://blog.humphreys-assoc.com/keeping-the-evm-love-alive/Earned Value provides a framework for integrating the cost, schedule, and technical scope of your project, and is an exceptionally valuable ...

http://blog.humphreys-assoc.com/keeping-the-evm-love-alive/Earned Value provides a framework for integrating the cost, schedule, and technical scope of your project, and is an exceptionally valuable tool for management and project status...

Statistics

Views

Total Views
591
Views on SlideShare
591
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Keeping the EVM Love Alive in Your Organization Keeping the EVM Love Alive in Your Organization Document Transcript

  • The Leader in Earned Value Management Consulting and Training EVMS Consulting Services EVMS Proposal Support EVMS Requirements/Gap Analysis EVMS System Design and Documentation EVMS Implementation EVMS and Project Management Training Preparation for an Integrated Baseline Review Preparation for an EVMS Compliance Review EVMS Staff Augmentation EVMS Training EMVS Online Training Earned Value Workshops Earned Value In-House Training CAM Certification EVMS Education Center Online Store About H&A Humphreys Executive Management Humphreys Professional Staff Blog Contact Keeping the EVM Love Alive In Your Organization by Humphreys & Associates on January 3, 2014 Admittedly, operating an Earned Value Management System (EVMS) in an organization can sometimes be like getting your kids to the dentist. They know they have to do it, and they will even concede that it may be good for them, but it does not mean they have to like it. Earned Value provides a framework for integrating the cost, schedule, and technical scope of your project, and is an exceptionally valuable tool for management and project status. There are, however, a few strategies that can be employed in order to maintain a healthy system by motivating those who operate within the
  • system to do so with a sense of ownership. Keeping the interest alive can follow the simple formula of Push, Pull and Inform. 1) Push: Senior Management Must Use the Data and Demand Quality Having those up the food chain demanding accurate and timely information can be a powerful “push” that maintains interest and focuses efforts on system health and quality. Organizations where EVM is nothing more than a reporting requirement and is not used for decision making or conveyance of project status, will have a difficult time maintaining a healthy system. Sometimes negative attitudes towards Earned Value can even start with the customer and flow down to the contractor. The alternative is in companies in which it is apparent that EVM is deeply embedded in the projects’ culture. In a multitude of forums, the language of Earned Value is used to describe the status and issues of the project. In these companies you probably will not see only the obligatory EVM charts in project reviews, but instead see the concepts and outputs of the system used throughout project management. If poor variance analyses, inaccurate Estimates at Completions (EAC), incomplete baselines, or lack of corrective actions are challenged by the entire chain of management, then chances are those problems will stop being problems and the organizations can begin relying on the information to manage effectively. 2) Pull: Keep the System Useful to the Users A great deal of resources may be invested in an EVMS, and in organizations with a healthy and useful system the return on this investment can be substantial. Organizations that employ toolsets with timely and accessible reporting of project information help combat the belief that EVM is just a one-way reporting process. A common interface for data is an “EVM Cockpit”, or some other tool set or reports that make the information easy to access for day-to-day management purposes. The flip side of this are systems that make data accessibility difficult, or the problems of the system cause the data to be unreliable for prompt decision making purposes. For example, one of the more important processes in an EVMS is variance analysis; however, when a great deal of time and effort is spent explaining variances that are not related to project performance, it becomes a significant drain on the attitude towards the system. It is also important that the critical processes of the system are easy to use and understand. These processes include project baselining, updates to the Estimate to Complete (ETC), statusing the Integrated Master Schedule (IMS), incorporation of changes, preparing variance analyses, and tracking of corrective actions. Decisions regarding the architecture of the toolsets supporting these processes can significantly impact the attitudes of system users. In addition, developing tool sets that eliminate the redundancy of data inputs between the cost and scheduling systems can dramatically improve the quality of the Earned Value data. 3) Inform: Regular Communication and Continuous Education to the Project Teams are Critical Like any important management system in an organization, it is important to continually inform and support those who operate within the EVM system. There is an endless source of special topics and project notifications that can provide useful information to project teams, which will help maintain EVM knowledge and a healthy system. Some topics, such as preparing quality variance analysis, thorough corrective actions, and valid ETCs, need routine refreshment. Below are a few suggestions on ways to communicate within the organization:
  • Monthly Internal Newsletter: An excellent mechanism to convey important updates to EV processes or changes that pertain to the business and the industry. This gives employees a chance to keep up with the latest news and developments. EV Blog: By blogging regularly, an organization can develop themes that are specific to business issues the organization is experiencing. If there are many of the same questions repeated again and again, the blog can be used to answer those questions. This way, people can just refer to the blog if they have questions that are common. Lunch & Learn Sessions: These sessions are an excellent way for all participants to gain further knowledge on a specific topic and ask questions in real time. This becomes more advantageous as all participants benefit from the group discussion. Quarterly Webinar: This is particularly beneficial for organizations that may have multiple facilities located throughout the country. Specific subjects would be applicable to all sites. All participants, regardless of location, can attend and benefit. Annual Quiz: This is a great way to gauge how well employees are grasping and using EVM. Questions would be centered on topics relating to events that occurred during the year. The quiz could be recurring and mandatory in the same manner as ethics and sexual harassment training. For more information about keeping the EVM love alive in your organization give us a call at Humphreys & Associates, Inc. We are happy to answer questions. Tagged as: EVM, EVMS, Integrated Master Schedule 1 Tweet 4 Like 5 Share 3 Leave a Comment Name * E-mail * Website
  • Submit Previous post: Corrective Action Response: Planning and Closure – Part 2 of 2 Next post: Executive Level Schedules: Humphreys & Associates Methodology for Top Level Program Schedule Road-Mapping Recent Posts Executive Level Schedules: Humphreys & Associates Methodology for Top Level Program Schedule Road-Mapping Keeping the EVM Love Alive In Your Organization Corrective Action Response: Planning and Closure – Part 2 of 2 Corrective Action Response: Sources – Part 1 of 2 The Responsibility Assignment Matrix (RAM) Categories 32 ANSI/EIA-748 Guidelines Actual Cost of Work Performed ACWP ANSI 748 ANSI/EIA 748 ANSI/EIA 748-C Authorized Unpriced Work (AUW) Basics of EVM BCWP Biotech and Pharma CAM Compliance Interpretive Guide (CIG) Compliance Review Contract Performance Report (CPR) Control Account Manager Corrective Action Plan Corrective Action Request (CAR) Corrective Action Response Cost Accounting Standards (CAS) DCAA DCMA DCMA 16 Step EVMS Compliance Review DFARS 252.234-7001 DoD Earned Value
  • Earned Value System Description EIA/ANSI 748 Estimate at Completion (EAC) EVM Current Events EVM for Biotech and Pharma EVM General Topics EVMS Basic Concepts EVMS General Topics EVMS remediation EVMS Storyboard Federal Acquisition Regulations (FAR) Humphreys & Associated EVM Expertise IBR IMS Indirect Cost Management Integrated Baseline Review Integrated Master Schedule Integrated Master Schedule (IMS) Integrated Program Management Report (IPMR) Level of Effort (LOE) Level of Effort (LOE) Decision Tree Management Reserve (MR) NDIA Organizational Breakdown Structure (OBS) Performance Measurement Baseline (PMB) Responsibility Assignment Matrix (RAM) Rolling Wave Planning Standard Surveillance Instruction (SSI) System Description Document (SDD) Undistributed Budget Work Breakdown Structure (WBS) EVMS Consulting & Training EVMS Consulting Services EVMS Training Courses EVMS Education Center Earned Value Online Store Stay Connected EVMS Education Center Humphreys & Associates Blog Join Our Newsletter Follow us on Twitter Like Us on Facebook Connect to Us on LinkedIn About Humphreys & Associates
  • About Humphreys & Associates Contact Humphreys & Associates Complete Site Map © 2014 Humphreys & Associates