Articles for EVM and integrated program management professionals looking to maximize the implementation and use of performance measurement techniques.
Article by David S. Christensen, 1998, published in the Acquisition Review Quarterly Assessments of the earned value management (EVM) process often focus on either the positives or the negatives. This article takes a different approach with the intent to provide an objective evaluation and provide a balanced view of […]
The Costs and Benefits of the Earned Value Management Process Read Now
This article discusses the primary difference between undistributed budget and management reserve as well as their intended proper uses. This explanation reflects the accepted standard since the advent of the concept known today as EVMS. Undistributed Budget Undistributed budget (UB) is the budget and its associated statement of work (SOW)
The Difference between Undistributed Budget and Management Reserve Read Now
Since 1966, the concepts of EVMS, now captured in the EIA-748 Standard for Earned Value Management Systems 32 guidelines, and the function of management reserve (MR) have become universally understood processes. Management reserve, unfortunately, is frequently subject to non-standard practices, misconceptions, and misapplication. The standard definition of management reserve is
The Effective Use of Management Reserve Read Now
Project managers are continually asked by company management and the customer to verify that the project’s cost and schedule goals can be met within the authorized budget, the Budget at Completion (BAC), and the Planned Completion Date (PCD). The Estimated at Completion (EAC) and the Estimated Completion Date (ECD) are
The Estimate at Completion – A Project Management Best Practice Read Now
The rubber baseline as initially defined (1970’s vintage) was any change to the performance measurement baseline (PMB) that was incorporated to: Avoid schedule variance. The budgeted cost of work scheduled (BCWS) was moved with the current schedule instead of the estimate to complete (ETC) moving with the current schedule. Back
What is a Rubber Baseline? Read Now
Last Updated: June 25th, 2024 The Program Evaluation and Review Technique (PERT) earned value calculation method, or as some refer to it, the PERT Cost Formula, was developed long before the EIA-748 Standard for Earned Value Management Systems (EVMS) Guidelines were first published in 1995. Because it was considered the
Why the PERT Method Should be Avoided or Closely Monitored Read Now
