Wednesday, January 20, 2010

your project is $42,000 behind schedule: an EVM schedule problem


Your client wonders what does this mean? Should the client withhold payments? Can the project manager borrow money to get back on "schedule?"

Bill Locke, successful PM at BAE Corp., presented "A neat solution to the EVM schedule problem."

In Earned Value Management (EVM), Schedule Variance (SV) is the difference between the value earned for tasks completed (EV) and the value of the tasks planned for that period.

Bill gave us handy formulas to convert SV to time (x-axis) rather than dollars (y-axis). This metric provides a clear status to clients and allows the team to better understand the variances and make corrections to the project management.

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Program Manager

As a technical leader, I develop a talent pipeline that can deliver client's expectations in a motivating and productive environment.

I have performed multi-discipline engineering on space launch vehicles, satellite command and control software, electronic medical records, and large data center operations.


I am seeking additional opportunities to deliver solutions internationally

resume MBA-Bard Center


I have delivered management and technology consulting solutions for Deloitte, BearingPoint, Department of the Interior, TRICARE Military Health System, Defense Information Systems Agency (DISA), Raytheon, Lockheed, Northrop, and Boeing on various projects in manufacturing, software development, systems engineering, testing, and ITIL management.