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The EVM Newsletter™ from Management Technologies |
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EVM is COOL! |
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A recent search through Dice.com for "earned value" resulted in over 300 job openings with an earned value requirement. Not all were full time EVM positions, but knowing how to apply EVM in one's area of expertise is one of the cooler things to have in a resume.
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Greetings..
This is the first issue of a hopefully bimonthly EVM newsletter to help keep you up to date with news of interest to the EVM Community. When possible, we'll provide links to the source of the news so you can get more information.
You can help make this newsletter interesting by contributing news about your activities in EVM, your company, product announcements, or your projects. Send them to me at evinfo@mgmt-technologies.com
Ray Stratton, PMP,EVP
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EVM Tidbit #1 |
 Just about everyone computes an EAC using
EAC = BAC/CPI
There are other formulas and methods, but this formula is one that is usually used. But shouldn't the EAC calculation take into consideration how much has been spent?
Another common formula is
EAC + ACWP + (BAC-BCWP)/(SPI * CPI)
This formula shows that this EAC is derived by taking the funds spent to-date (ACWP), and adding an estimate to get the remaining work (BAC-BCWP) done using a perforamnce factor of "(SPI*CPI)". Other performace factors are often used as well.
But when the performance factor is just the CPI the formula is:
EAC = ACWP +(BAC-BCWP)/CPI
Algebraically, this can be reduced to:
EAC = BAC/CPI
So when you compute an EAC by just dividing the BAC by the CPI, you have taken into consideration what has been spent, how much work remains, and how much funding is needed to complete the work. Magic!
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EVP Exam Date Nov 7, Apply Now! |
 November 7th is the date of the US Nationwide EVP exam. Exams are held around the country. The early application (less costly) window ends Aug 25; the very last date for the application is September 8th. The application process requires some background material so don't wait until Aug 24 to start! Apply, and then get studying!
There are two EVPrep™ workshop dates between now and the Nov 7 exam date.
- October 8-9 in Reston VA (D.C. Area)
- Octopber 31 - November 1 in Alexandria VA
(D.C. Area) (Immediately before IPMC)
Both these dates are ideal for the upcoming exam date. The workshop can help you find your weaker knowledge areas and leave you time to strengthen these areas before the exam.
Workshops are also planned in Phoenix on 11/18-19 and Jacksonville FL on 12/9-10.
The workshop covers all the topics likely covered in the exam and provides exam-like questions and workshop discussion about each question and the possible answers. This workshop also includes an EVM analysis question to help prepare you for the three page written essay in Part 4.
Interested in an on-site workshop? Send an e-mail with your your address and the number of attendees to receive a quote. |
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GAO Publishes Cost Guide with EVM as a Core Component |
The US Government Accountability Office (GAO) has published an award winning Cost Estimating and Assessment Guide. Over 300 pages, it represents the contributions of best experts in cost estimating and cost engineering. It also contains chapters on WBS development, EVM in project planning, EVM in project execution, and estimated software development costs. It's free at
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Upcoming EVM Conferences |
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IPMC (Integrated Project Management Conference)
- WHO:PMI's College of Performance Management, SCEA, and NDIA
- WHEN:November 2-4
- WHERE:Alexandria, VA
- MORE INFO:www.pmi-cpm.org
EVA Europe (first annual EV conference for continental Europe)
- WHO:European Lab for Particle Physics (CERN), Geneva School of Business Administration
- WHEN:November 25-26
- WHERE: Geneva
- MORE INFO: www.eva-europe.eu
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EVM Hands-On Workshop |
 The Earned Value Experience™ workshop uses our proprietary MS Excel templates to teach you earned value management. You'll experience creating an earned value management baseline, determining earned value from project status, calculating earned value management indices, and estimating final cost and completion date. This workshop is perfect for team leads, cost account managers, financial and schedule control staff, project and program managers, and chief project officers.
Templates may be retained by attendees to implement earned value management in their organization.
Reston, VA, Sept 21-22
Phoenix, AZ, Nov 16-17
Jacksonville. FL, Dec 7-8
Interested in an on-site workshop? Send an e-mail with your your address and the number of attendees to receive a quote.
14 PDUs
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EVM Jobs |
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This space will list EVM job openings in future editions.
Do you have openings for EVM professionals? Send an email describing the position and location in 25 words or less and a link to a more complete description of the position. | |
Do you have news to share? Send your news item and we'll review it for posting in a future EVM Newsletter. Ray Stratton
Management Technologies |
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The EVM Newsletter, EVPrep, The Earned Value Management Maturity Model, EVM3, EzEVM, and The Earned Value Experience are trademarks of Management Technologies. |
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