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A short story about Earned Value Management
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A short story about Earned Value Management

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  • 1. A short story aboutEarned Value Management by Mark
  • 2. Bob
  • 3. Duration: 5 daysRate: $2,000 per dayBudget: $10,000
  • 4. Monday
  • 5. Tuesday
  • 6. Wednesday
  • 7. Thursday
  • 8. Complete: 50%
  • 9. Friday
  • 10. Saturday
  • 11. Sunday
  • 12. How could this be avoided?
  • 13. Monday
  • 14. Complete: 10%Earned value: $1,000Actual cost: $2,000
  • 15. Performance = Earned Value / Cost$1,000 / $2,000 = 0.5Forecast = Budget / Performance$10,000 / 0.5 = $20,000
  • 16. Tuesday
  • 17. Wednesday
  • 18. Complete: 50%Earned value: $5,000Actual cost: $6,000
  • 19. Performance = Earned Value / Cost$5,000 / $6,000 = 0.833Forecast = Budget / Performance$10,000 / 0.833 = $12,000
  • 20. Thursday
  • 21. Friday
  • 22. Track progressPredict total costAvoid nasty surprises
  • 23. EVM scales
  • 24. EVM can be done any timefor a single taskor an entire project
  • 25. Thanks@MarkStanto

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