Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Problems using money to measure time

114 views

Published on

Discussion of why indicators like SPI and SV can be misleading. From Project Management Fundamentals, a new type of textbook designed to be: granular, easy to use with a "flipped" classroom approach, and designed for electronic distribution on iPads, kindle readers, and PCs/Mac. Find out more at http://pmf.education/

Published in: Engineering
  • Be the first to comment

  • Be the first to like this

Problems using money to measure time

  1. 1. Be Careful When Using Money to Measure Time
  2. 2. Percent of work complete 100% Earned Value EV= 4,134 X 100% = $4,134 Project Total PV = $4,134
  3. 3. $0.00 $1,250.00 $2,500.00 $3,750.00 $5,000.00 0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 PV AC EV SV= 0 PV = $2574 EV = $2574
  4. 4. Be Careful When Using Money to Measure Time
  5. 5. Indexes to Monitor Progress

×