Comments on: Earned Value Management for Absolute Beginners http://www.pmhut.com/earned-value-management-for-absolute-beginners Tue, 22 May 2012 18:49:18 +0000 http://wordpress.org/?v=abc hourly 1 By: The Project Scorecard - PM Hut http://www.pmhut.com/earned-value-management-for-absolute-beginners/comment-page-1#comment-10080 The Project Scorecard - PM Hut Sun, 18 Oct 2009 16:14:04 +0000 http://www.pmhut.com/?p=3065#comment-10080 [...] Earned Value Management (EVM) provides valuable and universally accepted metrics for measuring a project’s performance to budget. The objective is to determine whether you have accomplished the project worked you planned for the budget you planned. Budget will include the cost of all goods, services, resources (human and non-human), and administrative services consumed by the project. There are several different ways of mining the metrics needed to perform these measurements. The simplest is the MS Project file for the project, which can track all these. MS Project shows money being spent at exactly the same rate as activity completion. The budget for the C++ programming is exactly 72% consumed when the C++ programming is 72% complete. This may not be what your audience is looking for. [...] [...] Earned Value Management (EVM) provides valuable and universally accepted metrics for measuring a project’s performance to budget. The objective is to determine whether you have accomplished the project worked you planned for the budget you planned. Budget will include the cost of all goods, services, resources (human and non-human), and administrative services consumed by the project. There are several different ways of mining the metrics needed to perform these measurements. The simplest is the MS Project file for the project, which can track all these. MS Project shows money being spent at exactly the same rate as activity completion. The budget for the C++ programming is exactly 72% consumed when the C++ programming is 72% complete. This may not be what your audience is looking for. [...]

]]> By: PM Hut http://www.pmhut.com/earned-value-management-for-absolute-beginners/comment-page-1#comment-1448 PM Hut Sat, 09 May 2009 15:11:26 +0000 http://www.pmhut.com/?p=3065#comment-1448 Peter, You're absolutely right, I have fixed the EAC formula (for the records, it was an editing mistake on PM Hut's side, not Mike's). Peter,

You’re absolutely right, I have fixed the EAC formula (for the records, it was an editing mistake on PM Hut’s side, not Mike’s).

]]> By: peter http://www.pmhut.com/earned-value-management-for-absolute-beginners/comment-page-1#comment-1438 peter Sat, 09 May 2009 11:55:56 +0000 http://www.pmhut.com/?p=3065#comment-1438 Hi Mike, please re check the EAC formula. The calc looks fine. Hi Mike, please re check the EAC formula. The calc looks fine.

]]> By: Stacia http://www.pmhut.com/earned-value-management-for-absolute-beginners/comment-page-1#comment-1409 Stacia Fri, 08 May 2009 17:26:33 +0000 http://www.pmhut.com/?p=3065#comment-1409 Thanks so much for this article. This has helped me understand EVM for the exam. KISS is always better than long technical jargon. I have shared this article with other potential PMP's and instructors. Thanks so much for this article. This has helped me understand EVM for the exam. KISS is always better than long technical jargon. I have shared this article with other potential PMP’s and instructors.

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