Earned value management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
It is a commonly used method of performance measurement for projects.
It integrates the scope baseline with the cost baseline, along with the schedule baseline, to form the performance baseline, which helps the project management team assess and measure project performance and progress
By Er.Nikhil Raj, Senior Planning Enginner, Navig Solution Pvt Ltd
Earned value management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
It is a commonly used method of performance measurement for projects.
It integrates the scope baseline with the cost baseline, along with the schedule baseline, to form the performance baseline, which helps the project management team assess and measure project performance and progress
By Er.Nikhil Raj, Senior Planning Enginner, Navig Solution Pvt Ltd
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle:
Scope
Schedule, and
Costs
In a single integrated system, Earned Value Management is able to provide accurate forecasts of project performance problems, which is an important contribution for project management.
Early EVM research showed that the areas of planning and control are significantly impacted by its use; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. More recent research studies have shown that the principles of EVM are positive predictors of project success.[1] Popularity of EVM has grown in recent years beyond government contracting, in which sector its importance continues to rise[2] (e.g., recent new DFARS rules[3]), in part because EVM can also surface in and help substantiate contract disputes.[4]
Essential features of any EVM implementation include
a project plan that identifies work to be accomplished,
a valuation of planned work, called Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS), and
pre-defined “earning rules” (also called metrics) to quantify the accomplishment of work, called Earned Value (EV) or Budgeted Cost of Work Performed (BCWP).
EVM implementations for large or complex projects include many more features, such as indicators and forecasts of cost performance (over budget or under budget) and schedule performance (behind schedule or ahead of schedule). However, the most basic requirement of an EVM system is that it quantifies progress using PV and EV
This lecture provides a short but comprehensive review of earned value analysis and how this technique helps us to determined the project financial and schedule situation.
Earned Value Management - Quantifiable project metrics for learning the current state of a project.
Examples and Value Definitions for EVM in relation to project management.
https://agile-mercurial.com
https://twentyfirstcenturyworkforce.com/
Abstract— Execution of engineering projects are tracked against critical metrics such as safety, quality,
delivery cost and inventory. Earned value is a key parameter that helps in assessing delivery (schedule) and cost.
Static shows that 70% of projects are over budget behind schedule, 52% of all projects finish at 189% of their
initial budget and some, after huge investments of time and money, are simply never completed. The rest of this
paper gives a perspective on monitoring project health by Earned value analysis.
How eazyBI enabled Allegiant PMO to fully automate accounting reports and deliver them 100% on time! How eazyBI allows one to leverage multiple plug-in data sources via SQL and APIs.
- Pratik Patel, Traci Menga, and Bharath Kumar, the PMO Office, Allegiant Air & TridentSQA, USA, India
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
In this talk presented at the Collaborate14 conference, learn 10 tactics to help you rollout a cost and schedule integrated solution for Primavera P6 -....spoiler....it's all about the users!
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle:
Scope
Schedule, and
Costs
In a single integrated system, Earned Value Management is able to provide accurate forecasts of project performance problems, which is an important contribution for project management.
Early EVM research showed that the areas of planning and control are significantly impacted by its use; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. More recent research studies have shown that the principles of EVM are positive predictors of project success.[1] Popularity of EVM has grown in recent years beyond government contracting, in which sector its importance continues to rise[2] (e.g., recent new DFARS rules[3]), in part because EVM can also surface in and help substantiate contract disputes.[4]
Essential features of any EVM implementation include
a project plan that identifies work to be accomplished,
a valuation of planned work, called Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS), and
pre-defined “earning rules” (also called metrics) to quantify the accomplishment of work, called Earned Value (EV) or Budgeted Cost of Work Performed (BCWP).
EVM implementations for large or complex projects include many more features, such as indicators and forecasts of cost performance (over budget or under budget) and schedule performance (behind schedule or ahead of schedule). However, the most basic requirement of an EVM system is that it quantifies progress using PV and EV
This lecture provides a short but comprehensive review of earned value analysis and how this technique helps us to determined the project financial and schedule situation.
Earned Value Management - Quantifiable project metrics for learning the current state of a project.
Examples and Value Definitions for EVM in relation to project management.
https://agile-mercurial.com
https://twentyfirstcenturyworkforce.com/
Abstract— Execution of engineering projects are tracked against critical metrics such as safety, quality,
delivery cost and inventory. Earned value is a key parameter that helps in assessing delivery (schedule) and cost.
Static shows that 70% of projects are over budget behind schedule, 52% of all projects finish at 189% of their
initial budget and some, after huge investments of time and money, are simply never completed. The rest of this
paper gives a perspective on monitoring project health by Earned value analysis.
How eazyBI enabled Allegiant PMO to fully automate accounting reports and deliver them 100% on time! How eazyBI allows one to leverage multiple plug-in data sources via SQL and APIs.
- Pratik Patel, Traci Menga, and Bharath Kumar, the PMO Office, Allegiant Air & TridentSQA, USA, India
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
In this talk presented at the Collaborate14 conference, learn 10 tactics to help you rollout a cost and schedule integrated solution for Primavera P6 -....spoiler....it's all about the users!
Primavera Strategy and Roadmap within the Capital Infrastructure and Asset Lifecycle Management areas.
Products: Primavera Unifier, Primavera P6, Primavera EPPM, Primavera Portfolio Management
Title: Capital Infrastructure and Asset Lifecycle Management
Author: Guy Barlow Director, Industry Strategy
Primavera Global Business Unit
Date: 25 June 2015
Copyright Oracle
For more free articles and online training visit: www.p6academy.com
Enhanced Unifier Reporting with BI Publisher: On Prem and Cloudp6academy
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
Discover how to develop custom reports within Unifier taking advantage of BI Publisher. The presentation will include examples for: • Creating data views • Configuring custom reports and extracting sample data • Formatting reports within Microsoft Word • Importing report format into Unifier, defining permissions and running the reports within Unifier
Capital Power has implemented Unifier as our Project Control's tool for $500,000 to $2 billion construction projects. What is different about our implementation is that we use Unifier to collect quantity of work (e.g. km of roads) and the hours of labour involved. This information is very important in understanding productivity on a project and in estimating future projects. We are using Unifier on our first project, Genesee 4/5 a gas turbine plant with a construction budget of $1.5 billion. We also leverage the power of Oracle integration across EBS, P6 and Unifier to eliminate rekeying and avoidance of potential errors. Direct input by contractors of progress information also saves time.
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
How Primavera Unifier Impacts Contract Manager Customizationsp6academy
For many years people been kept quite busy making work-arounds to circumvent the shortcomings of Primavera Contract Management. This includes modifications to the database, editing EAR files, and building a plethora of add-on tools. In this talk we will discuss and review these modifications and explain why each exist and which business need has driven them. Then we will demonstrate how these same issues are addressed in Unifier and show how compelling the case is for migration.
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
Primavera Unifier: How to Tame Complexity and Achieve Successp6academy
Primavera Unifier is an open and highly configurable business process and workflow management tool that is designed to support capital planning, project delivery and cost control requirements. Achieving a successful Unifier implementation requires strong stakeholder support, a detailed analysis of the supported business processes and a project team that can “think outside the box." In this presentation, we will define and review those key areas that can reduce implementation time and costs. We will also show how to identify and avoid specific issues that could jeopardize the success of a Unifier system deployment.
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
Project nightmare or dream development?
The Eiffel Tower, the Golden Gate Bridge, the Titanic….did these construction projects hit their targets?
Take our Quiz to see if you know how these iconic construction projects performed – did they come in on-time or on-budget?
Using Oracle Primavera Unifier and Oracle Primavera Enterprise Project Portfolio Managenent together can help you deliver much more effective (time and cost) outcomes in all manner of projects
Successfully Manage Cost and Schedule with Primavera Unifier and Primavera P6p6academy
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
The Unifier 10.1 release in conjunction with the P6 8.4 release introduces a more complete cost and schedule integration. Discover how the integration of these two products provides the enormous value to customers that utilizing both of these products. Learn how to: • Take a resource loaded P6 Project and assign costs to these resources within Unifier in order to create a cost loaded schedule. • Compare top-down estimates and budgets in Unifier to bottom-up costs from P6 within the Unifier Cost Sheet and Cash Flow. • Compare not only the current P6 Project but even the project baselines in order to see a historical impact on the project. • Use the data from P6 Projects and Baselines to track the Earned Value within Unifier.
MS Project Integration: Tips, Tricks and What's New for YouCA Technologies
Have you scheduled in Microsoft Project (MSP) and are now presented with the "Tasks" to maintain a schedule in CA Project & Portfolio Manager (CA PPM)? Is your organization using CA PPM but still wants to schedule in MS Project? Have you noticed that the logic in how CA PPM schedules is different in MS Project? And most importantly – wouldn't it be awesome to be able to explain why CA PPM and MS Project behave differently but ultimately get you the same result? This presentation shows you where and how MSP and CA PPM bi-directionally map data, how to create and manage tasks, assignments and scheduling, as well as updating task status and work. It includes a broad discussion where and when data should be entered in CA PPM and MS Project, on defining data elements and how to capture them.
For more information on Management Cloud solutions from CA Technologies, please visit: http://bit.ly/1wEnPhz
Program Management 2.0: Work Breakdown StructureJohn Carter
From a course titled Program Management 2.0, this presentation pulls together a suite of tools for creating a Work Breakdown Structure - which is very helpful for tracking the true project a project is making. It lends itself to also communicate the earned value of a project - so teams and managers can see what is done, and what is left to do.
InEight "Keep Your Secret Sauce" Leverage, Don't Replace, Your SpreadsheetsMichelle Scifers, MBA
Want to upgrade to a modern cost estimation solution but don’t want to give up your time-tested spreadsheet calculations?
What if you could keep your custom calculations *AND* enjoy all the benefits of a leading cost estimation and control platform?
Watch on-demand webinar now to learn how you can keep your secret sauce by leveraging, not replacing, spreadsheets for better estimating and control.
How efficient is your business’ budgeting process? Indirect budgeting can be unclear, especially when it comes to understanding how to allocate costs to departments. Without an accurate budget that correctly predicts costs and profits, meeting fiscal obligations and keeping your business compliant becomes a challenge. In this Webinar, Saturn Infotech’s technical and functional experts demonstrate how to streamline your planning and budgeting process with Oracle PBCS. You will learn how PBCS provides more comprehensive reporting options and simplifies company-wide hiring and budgeting, making headcount management a breeze!
Microsoft PPM helps you deliver on business strategies through high-impact outcomes. You can think of the PPM as a lifecycle which comprises of three phases: Ideate, Plan, and Execute.
Ideate: Is the initiation phase in which ideas are collected and projects are proposed. The organization’s business drivers capture the company’s strategy and guide ideation.
Plan: This phase includes preliminary planning of the projects at a high level. Microsoft PPM helps prioritize the projects subject to budget and resourcing constraints. Once projects are approved the solution supports detailed and realistic planning.
Execute: The goal of this phase is to deliver the projects through collaboration of the involved stakeholders.
Built on Microsoft’s cloud Microsoft PPM weaves in cloud services that power the PPM solution with collaboration capabilities, advanced analytics that drive insights and the ability to customize and extend the solution to meet unique needs of your organization.
Microsoft PPM is built on Microsoft’s cloud infrastructure. This means you get enterprise-grade security and compliance, highly secure and geographically diverse data centers, and a 99.9% uptime guarantee.
Learn about challenges and solutions for implementing a transformational project based on real integration examples (cases).In any Project Controls (TCM framework, EVMS) implementation: technology, systems/processes, and people are involved. This presentation provides an understanding of integrating two of the essential knowledge areas: cost and schedule. See real examples of integrations explaining frameworks, models, best practices, bodies of knowledge, and standards. Analyze the outcome, challenges, and alternatives.
The PUXX is the leading Australian destination for smart project systems thinking.
Featuring Wayne Thurgate's presentation on "Digital Transformation in a Project Driven Word"; and Wayne Wilson's Collaborate17 presentation on the "Best Practices in Project Systems Integration".
www.puxx.com.au
The Prescience User Experience Exchange is the leading Australian destination for smart project systems thinking.
Featuring Pedram Danesh-Mand's presentation on the "Role of Technology in Schedule Risk Analysis" and Graham Colborne's project snapshot on "Digital Transformation in a Project Driven World".
Slides from Prescience Technology's Prescience User Experience Exchange in Perth, June 2017.
Featuring Claire Negus' presentation on "Embracing the Digital Tipping Point in a Project Driven World"; and Zetta Group CEO, Dr Nathan Harman's presentation on "Abstraction and Transformation".
Check out the photos from our Sydney PUXX event. The Prescience User Experience Exchange gives industry professionals an environment to network, engage in discussion, and to discover new and improved ways to deliver better projects.
Check out the photos from our Perth PUXX event. The Prescience User Experience Exchange gives industry professionals an environment to network, engage in discussion, and to discover new and improved ways to deliver better projects.
Check out the photos from our Brisbane PUXX event. The Prescience User Experience Exchange gives industry professionals an environment to network, engage in discussion, and to discover new and improved ways to deliver better projects.
The Prescience User Experience Exchange is the leading Australian destination for smart project systems thinking. Check out the photo gallery from our Sydney event.
Check out the event photos from the 2016 Prescience User Experience Exchange in Perth. The PUXX is the leading Australian destination for smart project management and project systems thinking.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.