Earned Value Management

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Adding requirements gathering to the project plan - time phased budget baseline (PMB)

I'm preparing a time phased budget - basically my project schedule with all resources and cost allocated. When its reviewed, I will need to baseline it for calculating variance (tracking) in future. ...
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1answer
44 views

S Curves, Comparing where you should be and where you are

If you are using Earned Value, you can create an S Curve that shows your planned value across time. As you add actuals and take earnings, you can show the AC curve and EV curve and compare it ...
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3answers
704 views

What is the best way to develop a project baseline?

I am conflicted on how to create a baseline for a project. Which of the following scenarios would be considered a "best practice" for creating a project baseline in which to measure progress and get ...
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3answers
340 views

Can EVM be Used to Track and Manage Quality?

Currently, I think I've got pretty good tools when it comes to measuring Budget (enough and more Excel docs that are regularly updated), Scope (against a mutually agreed upon statement of work), Time ...
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4answers
284 views

What is a good way to set control limits on a schedule?

I want to try to track project progress using Earned Value Management approaches, mainly for my own education rather than out of a pressing need. The metric used to define planned value (PV) and ...
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2answers
361 views

Can MS Project graph out planned value?

I would like to create a graph like the one below dynamically in Project. I have done this in the past using Excel, but in those cases it was "easy" since planned and earned value were calculated ...
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1answer
300 views

Creating an Agile Estimate for an Earned Value Management PMB

Earned Value Management is predicated on the creation of a Performance Management Baseline (PMB). The PMB can be thought of as a super estimate that defines what work is planned to be done by what ...
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2answers
207 views

How do you handle new tasks in an earned value analysis chart?

Earned Value Analysis is great on paper. However, I'm having difficulty using it for programming projects that tend to change dramatically from week to week. For example, a milestone is "complete ...
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400 views

Good resources on applying Earned Value Management

Two part question - First - I have a basic understanding of Earned Value Management (EVM), but the example I've found so far on applying seem vague. So any suggestions on understanding EVM more? I'm ...