A short story about Earned Value Management

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A short story about Earned Value Management

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

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