i am truly excited by supertech’s release of their newest project control software, ev engine 6.6....
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Earned Value Schedulingwith EVengine 6.6Mark E. ReadPrincipalSequence Advisors, Inc.
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ObjectivesEarned Value Scheduling BackgroundKey TermsWhat is Earned Value Scheduling?What is EVengine?DemonstrationAsk questions
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Sequence Advisors, Inc.
Founded in 2003Bringing database best practices to Project Management on the Microsoft platformReporting, Development, Integration ServicesTraining, Training, TrainingContact: Mark Read 510 406-4645 [email protected]
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EV(t) Background
Military generally only interested in costDoesn’t matter how much…They want the plane to fly.IT and Pharma, however, are VERY interested in schedulingWalter Lipke developed while working for the US military in OKUse of earned value data to predict the schedule dates… early or late
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PMI Practice Standard for EV Management
Is currently being revised. Major revisions will likely include Earned SchedulingWalter Lipke credits Kim Henderson…One of the co-chairman of EV Management Forum is… Kim HendersonEVengine is the only commercial product.
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Preparing to use Project for EVM
Work Breakdown StructureOptional Cost Account or OBS codesUnique ResourcesCost DataBaseline DataUpdated Schedule
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What is Earned Value Scheduling?
“Earned Schedule (ES) is a breakthrough analytical technique that resolves the EVM dilemma. It is derived from and is an extension to EVM. No additional data is needed for acquiring the ES measures; only the data from EVM is needed. In contrast to the cost-based indicators from EVM, the ES schedule performance indicators are time-based, making them easier to comprehend. The ES indicators provide a status and predictive ability for schedule, analogous to the facility for cost using EVM. “
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EVM Terms
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Typical Earned Value Metrics
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Earned Value Schedule answers:
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What is EVengine?
Scheduling and other data from Project, extracted into Excel, combined with tools to generate a full suite of Earned Value Analysis
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Workflow Implications
Do you need or want separation of duties?Work in Project, Extract to ExcelPut rates only in Excel for confidentiality purposesUse terms to more accurately model cashflow
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Earned Value Data FieldsOBS – Organizational Breakdown Structure, defines organization to the applicationCA – Control Account: Defines the accounting structure to the applicationSP – Selling Price: Defines the selling price to generate profitabityTerms – Define Payment terms to better model cashflowMUST HAVE UNIQUE RESOURCES
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Interpreting Results
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Table and Charts
Add-in to Excel with menus for configurationAll the power of ExcelCan use chart types to add the table.
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I am truly excited by Supertech’s release of their newest project control software, EVENGINE 6.6. This new product has incorporated the capability provided by the Earned Schedule extension to EVM. The addition, in my opinion, significantly enhances the already unique capability and utility of EVENGINE for controlling project cost and financial performance. Now with Earned Schedule, EVENGINE 6.6 provides the much needed suite of measures, indicators, and predictors for the management of schedule. This product is possibly the most complete project management control software available.
Walt LipkeCreator of Earned Schedule
For details on Earned Schedule www.earnedschedule.com
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Resources
www.earnedschedule.comSupertech Project Management
James Bulmer
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Conclusion
Earned Value Scheduling answers the should have beenEVengine is a very handy tool which leverages Excel power and makes it easierYou will be hearing more about this in the future
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Questions? Comments?
Thank you!