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
Quality Assurance and Cost Control for ConstructionRich Purtell
Discussion about some common traps in the construction industry which tend to drive up costs yet not improve quality. Suggestions offered on how to do things in a better way
In many organizations, bottom up estimation of software development projects is still the way to go. Management feels that top-down (parametric) estimation models require too much effort and cost. In this presentation, a random selection of 10 bids are analyzed and the bottom-up estimates and top-down estimates are compared with regard to accuracy and effort spend.
Part of OFX Academy Course: Improving Line Performance
http://academy.optimumfx.com/course/improving-line-performance/
Improving Packaging Line Performance –Using the correct Data and Drill Down Analysis
ISMA 9 - van Heeringen - Using IFPUG and ISBSG to improve organization successHarold van Heeringen
Introduction to the International Software Benchmarking Standards Group and 3 cases in which function points together with ISBSG data really resulted in business value:
- Reality check of an estimate made by experts
- Assessing the competitive position of a department
- Selecting a single software supplier
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
Quality Assurance and Cost Control for ConstructionRich Purtell
Discussion about some common traps in the construction industry which tend to drive up costs yet not improve quality. Suggestions offered on how to do things in a better way
In many organizations, bottom up estimation of software development projects is still the way to go. Management feels that top-down (parametric) estimation models require too much effort and cost. In this presentation, a random selection of 10 bids are analyzed and the bottom-up estimates and top-down estimates are compared with regard to accuracy and effort spend.
Part of OFX Academy Course: Improving Line Performance
http://academy.optimumfx.com/course/improving-line-performance/
Improving Packaging Line Performance –Using the correct Data and Drill Down Analysis
ISMA 9 - van Heeringen - Using IFPUG and ISBSG to improve organization successHarold van Heeringen
Introduction to the International Software Benchmarking Standards Group and 3 cases in which function points together with ISBSG data really resulted in business value:
- Reality check of an estimate made by experts
- Assessing the competitive position of a department
- Selecting a single software supplier
How to Prepare for 5-Minute Settlement: Everything Utilities Traders Need to ...Kaitlyn Hurley
To view as a webinar, visit: https://www.allegrodev.com/resources/5-minute-settlement-webinar/
This presentation will help utilities traders learn how to navigate volatile energy markets during the 5-Minute Settlement Era.
Discover how advanced analytics drives profit for commodity trading companies and the latest market trends for increasing business efficiency and profitability.
AUSOUG I Am Paying for my Cloud License. What's Next?Alithya
Recorded on November 11th and presented by Alecsandra Mlynarzek at the AUSOUG Virtual Connect 2020
https://register.gotowebinar.com/recording/5672708553054083335
Oracle launched in 2019 the Enterprise Licensing model, a bundle that includes by default Profitability and Cost Management. We often pay for services/subscriptions that we never really use, but not because of their lack of usefulness, but rather a lack of knowledge on our part.
This presentation kicks off with an overview of the different types of business problems that can be solved by Profitability and Cost Management, based on real-life implementations, followed by a short demo of how to quickly get up to speed with Profitability and Cost Management and where to start using this service that now comes included with your subscription.
This presentation is ideal for both customers and implementation partners who have not yet embarked on the journey of discovering how dynamic Profitability and Cost Management really is.
Supply chain strategy and financial metrics 20180314Bram Desmet
presentation for the productie werkgroep process industrie PGWP, what is supply chain management, the link with strategy, the link with finance, the link between supply chain strategy and finance
This presentation discusses how prescriptive analytics can help energy traders, originators, portfolio managers and risk managers make faster, accurate decisions in the most complex scenarios
LavaCon2014 Kinetic, Mangaing the Translation Process- A Peek Behind the Cu...Scott Carothers
Lava con2014 Kinetic, Managaing the Translation Process a Peek Behind the Curtain.
An overview of the Enterprise's headaches on doing translations. Business intelligence helps a process to simplify the tasks, take control and establish vendor performance ratings to improve quality, reduce costs and get to market quicker.
LavaCon Kinetic, Mangaing the Translation Process-A Peek Behind the CurtainScott Carothers
Lava con2014 Kinetic, Mangaing the Translation Process a Peek Behind the Curtain.
An overview of the Enterprise's headaches on doing translations. Business intelligence helps a process to simplify the tasks, take control and establish vendor performance ratings to improve quality, reduce costs and get to market quicker.
Characteristics of modern data architecture that drive innovationCloverDX
Is your data architecture set up to enable you to stay ahead in a competitive market?
Being able to innovate starts with getting reliable data, quickly, to the right people. And that starts with the foundations of your data architecture.
In this webinar we are going through the characteristics common to modern data architectures, and show you how you can improve your architecture to help your organization move fast:
What are the characteristics of architecture that helps drive innovation?
Can you have a modern data architecture even without cloud?
Is it possible to build a modern data architecture while keeping costs under control?
And we'll also show you some tips, including:
Building your workflows in a way that makes them easier to scale
Tips for improving data quality
How to increase reliability of, and trust in, your data workflows
Watch the full webinar at https://www.cloverdx.com/webinars/characteristics-of-modern-data-architecture-that-drive-innovation
How to Build Data Governance Programs That Lasts: A Business-First ApproachPrecisely
Data analytics and Artificial Intelligence play an increasingly pivotal role in most modern organizations. To keep those initiatives on track, enterprises must roll out data governance programs to ensure optimal business value. Data governance has become a fundamental element of success, a key to establishing the component of the data integrity framework in any business. The most successful data governance programs use a business-first approach, delivering quick wins and cultivating sustained success throughout the organization. Unfortunately, many organizations neglect to implement such programs until they experience a negative event that highlights the absence of good data governance. That could be a data breach, a breakdown in data quality, or a compliance action that highlights the lack of effective controls. Once that happens, there are several different paths a data governance initiative might take. A typical scenario often plays out this way: The executive team calls for implementation of a company-wide data governance program. The newly-minted data governance team forges ahead, engaging business users throughout the organization and expecting that everyone will be aligned around a common purpose.
Confessions of a RevOps Curmudgeon - How sales leaders can get the greenligh...Tenbound
The Sales Development Conference 2020 (Virtual Edition)
How Sales Leaders can Get the Greenlight for New Tech, New Reps, and New Projects by former Ops Leader and Kronologic Co-Founder Ben Parker
Full presentation recording here
https://www.youtube.com/watch?v=4bjpk1mptlE&t=2s
Technology as a Driver for the Chemical Enterprise Sage X3Net at Work
With ever-changing compliance rules and greater complexity, disjointed systems are the enemies of chemical manufacturers & distributors — occurring when ERP, CRM, & supply chain processes are allowed to operate in silos. Thankfully, today's business management solutions have been evolving to meet the industry's complex demands.
Similar to Estimation in the Tendering Process - Frank Vogelezang (20)
The Use of Functional Size in the Industry.pdfNesma
In this webinar, the emphasis is on the use of Functional Size in the Industry, and we focus on several use cases where functional size helps organizations to make impactful decisions based on objective metrics and data.
While traditional performance metrics often measure individual output or adherence to pre-defined plans, measuring performance in agile teams requires a different approach. Agile teams operate in iterative cycles, prioritizing adaptability and learning over rigid goals. So, why do organizations still measure their performance?
By using the right metrics in the right way, organizations can empower their agile teams to thrive and deliver exceptional results.
Software Cost Estimation webinar January 2024.pdfNesma
In this webinar you will learn why Software Cost Estimation is important, what is the Software Cost Estimation Body of Knowledge for Software and the ways you can become a professional certified software cost estimator SCEC!
The journey of UNISON Cost Engineering in the field of automotive software cost estimation started in 2018. The expectation is that in 2030 the cost of software will be 50% of the total production cost of a car. To help the OEM get a proper understanding of the software development cost they need to use some form of size measurement to compare, challenge and control the cost of software development by the software vendors.
The COSMIC battle between David and Goliath - Paul HusseinNesma
No more exhaustive and emotional discussions on price and deliverables. Predictable prices for projects and changes. No escalating maintenance costs. This can only be done by specifying exactly what you want and outsource it to the right service providers that have the required platform already in place.
Succesful Estimating - It's how you tell the story - Amritpal Singh AgarNesma
Estimating the Cost of something is a profession. But then you have to tell the story about the estimate to whoever needs to hear that story. The success of how you tell the story is determining the success of the cost estimate.
CEBoK for Software Past Present Future - Megan JonesNesma
The Cost Estimation Body of Knowledge for Software is in development for a number of years within ICEAA. First as a section of the general CEBoK, but it will be established as a separate CEBoK-S for Software, since software is becoming very prominent within the cost estimation community.
Agile Development and Agile Cost Estimation - A return to basic principles - ...Nesma
Is there a natural tension between agile development and traditional cost management or do we need to return to basic principles? Even when you are flexible, you still need to make a plan, build an estimate and measure what you have achieved.
Resolving Cost Management and Key Pitfalls of Agile Software Development - Da...Nesma
Agile software development does not always live up to the promises. Especially in the field of IT Cost Management. Without proper estimation and tracking the value cannot be made clear.
Project Succes is a Choice - Joop SchefferlieNesma
Project success is a choice. Don't stop thinking about the best way to do a project, agile or not. Select the best competencies to ensure that the project will be successful.
Deze presentatie beschrijft een praktische implementatie van het gebruik van Nesma functiepunten in Agile deliveries. Deze presentatie is gepresenteerd door Richard Sweer van Infinity tijdens de webinar Afrekenen met functiepunten. Voor meer info: www.nesma.org; conference@nesma.org.
Do you want Software for your Business? Visit Deuglo
Deuglo has top Software Developers in India. They are experts in software development and help design and create custom Software solutions.
Deuglo follows seven steps methods for delivering their services to their customers. They called it the Software development life cycle process (SDLC).
Requirement — Collecting the Requirements is the first Phase in the SSLC process.
Feasibility Study — after completing the requirement process they move to the design phase.
Design — in this phase, they start designing the software.
Coding — when designing is completed, the developers start coding for the software.
Testing — in this phase when the coding of the software is done the testing team will start testing.
Installation — after completion of testing, the application opens to the live server and launches!
Maintenance — after completing the software development, customers start using the software.
Utilocate offers a comprehensive solution for locate ticket management by automating and streamlining the entire process. By integrating with Geospatial Information Systems (GIS), it provides accurate mapping and visualization of utility locations, enhancing decision-making and reducing the risk of errors. The system's advanced data analytics tools help identify trends, predict potential issues, and optimize resource allocation, making the locate ticket management process smarter and more efficient. Additionally, automated ticket management ensures consistency and reduces human error, while real-time notifications keep all relevant personnel informed and ready to respond promptly.
The system's ability to streamline workflows and automate ticket routing significantly reduces the time taken to process each ticket, making the process faster and more efficient. Mobile access allows field technicians to update ticket information on the go, ensuring that the latest information is always available and accelerating the locate process. Overall, Utilocate not only enhances the efficiency and accuracy of locate ticket management but also improves safety by minimizing the risk of utility damage through precise and timely locates.
Mobile App Development Company In Noida | Drona InfotechDrona Infotech
Looking for a reliable mobile app development company in Noida? Look no further than Drona Infotech. We specialize in creating customized apps for your business needs.
Visit Us For : https://www.dronainfotech.com/mobile-application-development/
May Marketo Masterclass, London MUG May 22 2024.pdfAdele Miller
Can't make Adobe Summit in Vegas? No sweat because the EMEA Marketo Engage Champions are coming to London to share their Summit sessions, insights and more!
This is a MUG with a twist you don't want to miss.
Code reviews are vital for ensuring good code quality. They serve as one of our last lines of defense against bugs and subpar code reaching production.
Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
In this session we will cover:
- The Art of Effective Code Reviews
- Streamlining the Review Process
- Elevating Reviews with Automated Tools
By the end of this presentation, you'll have the knowledge on how to organize and improve your code review proces
Quarkus Hidden and Forbidden ExtensionsMax Andersen
Quarkus has a vast extension ecosystem and is known for its subsonic and subatomic feature set. Some of these features are not as well known, and some extensions are less talked about, but that does not make them less interesting - quite the opposite.
Come join this talk to see some tips and tricks for using Quarkus and some of the lesser known features, extensions and development techniques.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
GraphSummit Paris - The art of the possible with Graph TechnologyNeo4j
Sudhir Hasbe, Chief Product Officer, Neo4j
Join us as we explore breakthrough innovations enabled by interconnected data and AI. Discover firsthand how organizations use relationships in data to uncover contextual insights and solve our most pressing challenges – from optimizing supply chains, detecting fraud, and improving customer experiences to accelerating drug discoveries.
OpenMetadata Community Meeting - 5th June 2024OpenMetadata
The OpenMetadata Community Meeting was held on June 5th, 2024. In this meeting, we discussed about the data quality capabilities that are integrated with the Incident Manager, providing a complete solution to handle your data observability needs. Watch the end-to-end demo of the data quality features.
* How to run your own data quality framework
* What is the performance impact of running data quality frameworks
* How to run the test cases in your own ETL pipelines
* How the Incident Manager is integrated
* Get notified with alerts when test cases fail
Watch the meeting recording here - https://www.youtube.com/watch?v=UbNOje0kf6E
Navigating the Metaverse: A Journey into Virtual Evolution"Donna Lenk
Join us for an exploration of the Metaverse's evolution, where innovation meets imagination. Discover new dimensions of virtual events, engage with thought-provoking discussions, and witness the transformative power of digital realms."
A Study of Variable-Role-based Feature Enrichment in Neural Models of CodeAftab Hussain
Understanding variable roles in code has been found to be helpful by students
in learning programming -- could variable roles help deep neural models in
performing coding tasks? We do an exploratory study.
- These are slides of the talk given at InteNSE'23: The 1st International Workshop on Interpretability and Robustness in Neural Software Engineering, co-located with the 45th International Conference on Software Engineering, ICSE 2023, Melbourne Australia
AI Genie Review: World’s First Open AI WordPress Website CreatorGoogle
AI Genie Review: World’s First Open AI WordPress Website Creator
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-genie-review
AI Genie Review: Key Features
✅Creates Limitless Real-Time Unique Content, auto-publishing Posts, Pages & Images directly from Chat GPT & Open AI on WordPress in any Niche
✅First & Only Google Bard Approved Software That Publishes 100% Original, SEO Friendly Content using Open AI
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✅50 DFY Websites Included Without Adding Any Images, Content Or Doing Anything Yourself
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✅Just Enter the title, and your Content for Pages and Posts will be ready on your website
✅Automatically insert visually appealing images into posts based on keywords and titles.
✅Choose the temperature of the content and control its randomness.
✅Control the length of the content to be generated.
✅Never Worry About Paying Huge Money Monthly To Top Content Creation Platforms
✅100% Easy-to-Use, Newbie-Friendly Technology
✅30-Days Money-Back Guarantee
See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
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AI Fusion Buddy Review: Brand New, Groundbreaking Gemini-Powered AI AppGoogle
AI Fusion Buddy Review: Brand New, Groundbreaking Gemini-Powered AI App
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-fusion-buddy-review
AI Fusion Buddy Review: Key Features
✅Create Stunning AI App Suite Fully Powered By Google's Latest AI technology, Gemini
✅Use Gemini to Build high-converting Converting Sales Video Scripts, ad copies, Trending Articles, blogs, etc.100% unique!
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✅Auto-post or schedule stunning AI content across all your accounts at once—WordPress, Facebook, LinkedIn, Blogger, and more.
✅With one keyword or URL, generate complete websites, landing pages, and more…
✅Automatically create & sell AI content, graphics, websites, landing pages, & all that gets you paid non-stop 24*7.
✅Pre-built High-Converting 100+ website Templates and 2000+ graphic templates logos, banners, and thumbnail images in Trending Niches.
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See My Other Reviews Article:
(1) AI Genie Review: https://sumonreview.com/ai-genie-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
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Transform Your Communication with Cloud-Based IVR SolutionsTheSMSPoint
Discover the power of Cloud-Based IVR Solutions to streamline communication processes. Embrace scalability and cost-efficiency while enhancing customer experiences with features like automated call routing and voice recognition. Accessible from anywhere, these solutions integrate seamlessly with existing systems, providing real-time analytics for continuous improvement. Revolutionize your communication strategy today with Cloud-Based IVR Solutions. Learn more at: https://thesmspoint.com/channel/cloud-telephony
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptxrickgrimesss22
Discover the essential features to incorporate in your Winzo clone app to boost business growth, enhance user engagement, and drive revenue. Learn how to create a compelling gaming experience that stands out in the competitive market.
Custom Healthcare Software for Managing Chronic Conditions and Remote Patient...Mind IT Systems
Healthcare providers often struggle with the complexities of chronic conditions and remote patient monitoring, as each patient requires personalized care and ongoing monitoring. Off-the-shelf solutions may not meet these diverse needs, leading to inefficiencies and gaps in care. It’s here, custom healthcare software offers a tailored solution, ensuring improved care and effectiveness.
7. Metrics : for a car, it’s simple
About 2,000 parts to assemble
Some time at the assembly line
Shipping
Tax
Margin
Selling price
8. Simple arithmatic?
Parts from over 100 suppliers
Assembly cost are different if you build more
Shipping cost are different when you ship more
Tax
Margin depends on the brand value
More experience per euro?
9. And now, IT
No standard parts list
No simple assembly plan
Human labour determines cost
Conditions are unique
Customer is involved
Requirements will change
Uncertainty margin
Selling price
10. IT only works well when it is in your DNA
Volume estimate
Volume estimate
Solution
Confront
&
Compare
Cost
Calculation
Staffing / Partnering
Market standards (FPA, Service catalogs)
Comparable customers and contracts
Estimation tooling / Calculation models
13. = State your goals, not your specs
= Find an expert to do the job
= That’s what makes the expert an expert
= Use decisive metrics
= Don’t control the expert, minimize risk
Best Value Approach
Minimize the need for decision making
Understand why things happen
Be able to predict future conditions
Minimize the need for data
Optimize results
14. Best value tender
When it’s good weather
Ride in the open air
Dutch weather
Dutch roads
15. Best value tender
When it’s good weather
Ride in the open air
Dutch weather
Dutch roads
16. How to identify an expert
You don’t need all the information to come up with the right answer
17. How to identify an expert
You don’t need all the information to come up with the right answer
W L K T V R K P N Z
N D V N T ?
M R K
R K
18. How to identify an expert
You don’t need all the information to come up with the right answer
W L K T V R K P N Z
N D V N T ?
M R K
R K
W E L K A U T O V E R K O P E N Z E
A A N D E O V N T ?
M E R K
E R K A
20. What does that mean for your metrics
Effort-related metrics are only a small part of the story
Metrics based on the value of IT solutions rather than the cost
− Reduced purchase cost for supplies
− Increased number of unique visitors to online presence
− Higher conversion rate for online retail
− Increased usage of data portals