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Questions tagged [evm]

For questions about Earned Value Management (EVM) technique.

2
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2answers
53 views

CPI value at project closure

What should the CPI be after a project was closed (the project was not canceled)? Must the CPI always move to 1 at project closure or could it remain at the last indicated value (example 0.85) before ...
1
vote
2answers
140 views

Changing Actual Cost (AC) with Real Cost Field

I was trying to change the Actual Cost field (AC) for earned valued analysis, but I think I'm doing something wrong or not understanding something well enough. When I change the Real Cost, I think I ...
-1
votes
1answer
39 views

EVM Exam Question

I am trying to find the CV of Maio(May) but my question is. since the "Plano Preminiar" is already finished does it count for the total? Another question. "Plano Global" had a PV in Abril(April) of ...
4
votes
1answer
121 views

Agile and Earned Value

I am really struggling with this and could use some help here. Situation: new scope of work of application development that will be executed using Agile. Contract has EV requirement. I am not an ...
1
vote
1answer
149 views

Earned value management with ressources of type “Cost”

I'm working on project management with the client-side manager. We manage the cost with cost type ressources as we only know how much we are going to pay for each task and not how many hours of work ...
-3
votes
3answers
96 views

Earned value analysis by client and vendor

We all know that some project managers (those that follow PMBOK/PMP) do earned value analysis to know SPI and CPI. Schedule Performance Index (SPI) = Earned Value ÷ Planned Value -- How are we doing ...
3
votes
1answer
566 views

earned value and physical percent complete

I am a relatively new scheduler to my company and new to project scheduling and earned value. My company has training sessions but some things remain unclear and the answers I am getting from some ...
0
votes
3answers
5k views

Why is MS Project 2016 Showing a $0 for BCWP on a completed task

I am not understanding how MS Project (2016, in this case) calculates the BCWP component of Earned Value. To illustrate: below is a one-task project. The task is five days long, has one resource ...
3
votes
3answers
302 views

EVM in Research and Technology

Earned Value Management (EMV) sounds like a great and objective method for reporting. Precondition for applying EVM is that tasks or results are well defined and well distributed during the project. ...
4
votes
6answers
2k views

Definition of Done or How to really finish tasks?

Sometimes it is hard to close a task. There might come a new information which demands an update of the task. The task remains a long time almost finished. New Versions and baselines allows us to ...
1
vote
2answers
379 views

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. ...
1
vote
1answer
103 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 ...
2
votes
3answers
2k 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 ...
2
votes
3answers
902 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 (...
3
votes
4answers
689 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 ...
1
vote
2answers
1k 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 ...
2
votes
1answer
702 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 ...
5
votes
5answers
345 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 ...
3
votes
2answers
479 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 ...