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The EVM Newsletter™ from Management Technologies |
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EVM Newsletter 
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Past Newsletters
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New EVM distance learning course for CAMs and PMs |
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Prodevia Learning has recently released a new distance learning course on EVM for CAMs, PM and others who need to understand EVM and its analytical products. As a PMI R.E.P. the course provides 15 Category 3 PDUs. Through 30 November enrollees get an additional 10 PDU course on 20 Best PM practices for free. |
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New book about schedule prediction using EVM highlights
award winning research
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An IPMA award winning study on Earned Schedule and other EVM schedule prediction method has resulted in a book on the subject. Congraduations to Prof. Mario Vanhoucke on the work and the book. |
"Measuring Time: Improving Project Performance Using Earned Value
Management"; by Professor Mario Vanhoucke; Springer Science + Business
Media; 2009report, available through Amazon.com.
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Forward to a friend |
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Did you find this newsletter interesting? Forward it to a friend!
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PDU's for attending IPMC |
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Did you attend November's IPMC (conference). If you tried to register your PDUs immediately after the conference you found that IPMC was not a listed event. This was due to the new PMI process for registering PDU Category 3 PDU events. This has been fixed. Go to the PMI PDU site and claim your PDUs! |
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Top Enablers to Implement EVM |
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Last month I wrote that Dr. Euhong Kim listed 40 enablers to implement EVM, and placed them in four categories: EVM users, EVM methodology, implementation process,and project environment. I promised to share the most significant ones according to survey of successful implementers.
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Full management support and the need for it must be clearly communicated
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A motivated, trained, and experienced project controls staff
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Estimating; scheduling; and cost reporting/commitment forecasting) must be present
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EVM Procedures must be established early
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Software systems must be selected after business needs are understood
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Contract language must be consistent with EVMS needs
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Methods of measuring progress must result in reliable metrics
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EV methods should be used only when appropriate. Get the full report
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Where is the EVP certification HOT? |
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- US (of course)
- Canada
- India
- Germany
- Japan
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Integral Earned Schedule presented at EVA Europe |
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Traditionally EVM looked at data analysis in the budget domain (the vertical PMB axis.) Earned Schedule analysis showed us how to look at EVM data in the time domain (the horizontal PMB axis.) Is there value in integrating both? Integral Earned Schedule (IES) looks at the AREA under the PV and the EV curve to determine schedule performance. More in our December newsletter.
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  Greetings..
Welcome to the November EVM Newsletter. This Newsletter provides an EVM tidbit on how to mitigate the risk of failing key project events and remain on schedule.
We also report on the IPMC CPM EVM award winners and provide your more information about the new EVM Innovation Award.
There is a new book that focuses on how EVM data can help predict project completion date.
The January to June 2010 workshop schedule is included, and there is a new EVM distance learning course worth 15 Category 3 PDUs.
We also list the top EVM enablers and a link to the full report describing the enablers and how the list was created.
And a lot more. Remember, you can use the link on the left to sign up and get The EVM Newsletter e-mailed directly to you. Share the news, forward The EVM Newsletter to a friend or co-worker. Use the link below on the left panel or at the bottom of the Newsletter.
Next month: EVM in an Agile world
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
"Thanks, Ray! The EVM Newsletter is great! It's short enough to read through quickly. And it also has some nuggets of real value to read now or follow up later. We've needed something like this in the EV community for quite a while. Keep sending these." Mike Cuticchia
Ray Stratton, PMP,EVP
Editor |
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EVM Tidbit #4 |
Being successful while failing.
Every project has critical points when it will proceed as we hope or will have a set back. These points are often called "system test", "critical design review", "acceptance test", or "customer sign off". The one thing in common is that there is a real probability that things won't go well. If we were 100% sure of our work we would not have these events in our plan. So why don't we plan to fail, and then have a recovery plan built in to our plan? Here is a way to put a recovery plan in our baseline. Place two scheduled and budgeted work packages (or planning packages) in the PM Control Account labeled "Rework" and "Redo xxx". ("xxx" is the event we're concerned about.) Yes, these work packages (WP) are part of the project scope because if the critical event is required, so is the work needed to make it pass. These two WP are in the PM Account because until we fail we don't know "who" has to rework "what" to pass the event next time. Maybe we need to rework the unit being tested, or the test procedures, or the CDR presentation, or a subsystem design. But someone has to respond to the failure and then we need to try again. Once we know who will address the failure the work package is moved to their Control Account. Now they have time and funds to fix the problem and re-do the test or event. So when the failure occurs and the customer panics about the schedule, the response is "Yeah, we thought this might happen and recovery was in our plan." What if there is no failure? The PM keeps the work package, sets BCWP to the work package budget and spends no effort in getting its earned value. The SPI for the project goes higher because we passed the critical event the first time and did not have to perform the rework. We could even be ahead of schedule because we did well.
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EVM Top Performers Receive Awards at IPMC |
At the November IPMC the College of Performance Management announced the winners of two awards in EVM. Congratulations to our award winners! 
The Driessnack Award recognizes
- major contributions to project performance management policy, concepts, and practices which have national and international implications
- critical contributions to the evolution of Earned Value Management and project planning and control standards, research, and education
- major impact in promoting the exchange of theory, development and application among project management professionals
The winner of the Deiessnack Award is Tony Finefield.
He has been an active member of the Earned Value community for over 30 years and his contributions can be found in handbooks, guides, training presentations and in all those fortunate enough to have attended one of his training seminars held at Spring EVM World and the Fall IPMC. His experience transcends both government and industry and his influence can been seen throughout the EV community. Tony has worked with numerous companies and government agencies and his words have guided many to a better understanding and appreciation of Earned Value. His contributions to EV have become best practices in many places and Tony continues to quietly work to give back to the community that he so loves and has been a part of for so many years.
The Gary Christle Award recognizes a leader in his or her community who
- promoted an environment of continuous cooperation
- made significant contributions to the development and/or understanding of earned value management
- moved forward with solutions that effect change and management acceptance of earned value management
- promoted of the use of earned value management as a management tool
- fostered positive working relationships
- and was effective in making a meaningful change
CPM announced that Dr. Robert B. Rovinsky, Director of Information Technology Enterprise Services at the Federal Aviation Administration, as the first recipient of the Gary Christle Leadership Excellence Individual Award. Over the past five years Dr. Rovinsky led his agency to the forefront of government agencies, with ultimate evidence provided by the Government Accountability Office's decision in 2009 to remove the FAA's Air Traffic Control modernization program from its "High Risk List,". Dr. Rovinsky assumed a lead role by supporting formation of an EVM "Community of Interest" and hosting meetings at the FAA attracting participants from multiple federal agencies. His patience and persistence resulted in programs rapidly improving their program management. Finally, Dr. Rovinsky instituted a series of "industry days" to brief contractors on the FAA EVM transformation, to share best practices and to solicit their candid opinions of FAA as a customer.
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Earned Value Experience™ (CAM workshop) and EVPrep™ Exam Prep Workshop 2010 Schedule
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Earned Value Experience (CAM) Workshop
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. Excel EzEVM™ Templates may be retained by attendees to implement earned value management in their organization. The Earned Value Experience (CAM) workshop will be conducted in:
- Reston VA Feb 9-10
- Burmingham AL Mar 9-10
- Arlington VA Apr 6-7
- Denver CO Apr 20-21
- Costa Mesa CA May 18-19
- Tampa FL June 8-9
EVPrep Exam Prep Workshop
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.
The EVPrep™ workshop will be conducted in
- Reston VA Feb 11-12
- Burmingham AL Mar 11-12
- Arlington VA Apr 8-9
- Denver CO Apr 22-23
- Costa Mesa CA May 20-21
- Tampa FL June 10-12
Do you have a EVP FAQ? Go to AACEI's website for the latest information about exam dates.
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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New Award for Innovation in Application of EVM |
The PMI College of Performance Management is initiating a new award to recognize innovation in EVM. This winner of this award will be announced at the PMI CPM's Spring Conference (June 2010). It will be given to an innovative, not necessarily ANSI 748, application of EVM. The innovation award implementation should meeting the following criteria: 1. the EVM implementation addresses one or more functional area of earned value management (organizing, planning, accounting, analyzing, revisions).
2. the implementation must demonstrate ease of implementation as well as practicality to the project.
3. the benefits of the implementation shall be clear, concise, and defensible.
4. the benefactors are of this innovative implementation my be clear
5. the implementation of the earned value process must be
clear to the reader
6. the documentation must provide evidence of stakeholder value (in quality and quantity)
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Upcoming EVM Conferences |
EVA Europe (first annual EV conference for continental  Europe)
EVM World 2010
WHO:PMI College of Performance Management
WHEN:June 2-4
WHERE: Naples, FL, USA
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EVM Jobs |
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ATK is looking for a Sr. Finance Manager / EVMS background.
Deltek is hiring consultants (several) that
have the following  skills: · EVM Experience
· Deltek product Experience with any of the following:
Edwards Project Solutions is looking for an EVM Analyst.
This position requires the candidate already hold an active TS/SCI Full Scope Poly and will be onsite over at the NSA in Ft. Meade, MD.
Experience: Three (3) years of earned value management analysis and cost performance report analysis experience. Send resume along with salary requirements to bdavis@edwps.com
TYBRIN, Nashua, NH is seeking a PROJECT CONTROL ANALYST/CAM. Must be US citizen.
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. Back to top | |
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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