Webinar, July 31, 2014, Introduction to Earned Value
Presented by Gary Humphreys
Gary Humphreys will present an introductory session on the concept of earned value as a foundation for designing, implementing or testing the implementation of an Earned Value Management System (EVMS).
About the Presenter
Gary C. Humphreys is chief executive officer of Humphreys & Associates, Inc. As a consultant, Mr. Humphreys has provided technical support in all phases of project management to clients in the United States, Sweden, Australia, England, Holland and other countries. He has served as chairman of the National Defense Industrial Association (NDIA) Integrated Program Management Division (IPMD) formerly Program Management Systems Subcommittee (PMSC), and president and chairman of the board of the Performance Management Association, which is currently the College of Performance Management (CPM).
Webinar No. 15, June 25, 2014, Agile Earned Value: Rigor Meets Flexibility
Presented by Luis Contreras
IT/Software system projects are notorious for delays and overruns—as are many large, intricate, and risky projects that employ a full EVMS. While IT/Software Programs may or may not utilize Agile methodology, the root causes include more than the project management approach and come down to requirements (mis)management, scope creep, unfortunate government acquisition management incentives, unfortunate contractor awards or incentives for project execution, conflicting stakeholder/contractor incentives, and more. EV’s baseline-driven approach combined with Agile’s iterative approach can work together. A multi-faceted approach to Agile implementations is especially beneficial to government software development, as line of attack combines the flexibility of Agile with the rigor of performance reporting and metrics, while also reflecting velocity of the development scope.
Webinar No. 14, March 27, 2014 with Dr. David Hulett
Decision trees help organizations choose between alternative project management strategies when the results of such actions are uncertain. For example, should we use the low-price bidder when delivery and quality are uncertain? Or should we adopt a state-of-the-art technology if we may not know how to do this?
The webinar provides an overview of using decision trees for decision analysis and goes through a simplified real-world example of using decision trees for selecting a vendor. The webinar describes the steps needed to build the decision tree model, the inputs required and how to make a decision based on the risk attitude of the organization, whether risk-averse or risk-tolerant. The webinar finishes with a discussion on the role of sensitivity analysis and Monte Carlo simulations to help better understand the results of the decision tree model.
Webinar No. 13, February 27, 2014 with Robert Van De Velde, PhD
Earned Schedule for Agile projects (AgileES) combines the speed and responsiveness of Agile with the accuracy and control of Earned Schedule. AgileES adds value to burn charts and other tools commonly used for assessing Agile schedule performance. Applying Earned Schedule to Agile projects is not without controversy, but its relevance has strong, objective proof. Earned Schedule is a valuable addition to the Agile tool kit today, and it is the spring board for further innovation in the future.
The webinar elaborates AgileES concepts and their value-add for Agile projects, illustrating both with a real-life Agile project. It uses math to further demonstrate the validity of Earned Schedule for Agile projects. The webinar then describes five practical steps for implementing Earned Schedule on your project, and it identifies implementation challenges and how to address them. The webinar finishes by outlining future extensions to the technique.
Webinar No. 12, January 23, 2014 with R.M.”Ric” Brock
The webinar will discuss the importance of proper EV management of contract research organizations for clinical trials, by R. M. “Ric” Brock, Engagement Director for Humphreys and Associates.
Most Pharmaceutical and Biological Technology companies employ Contract Research Organizations (CRO) to manage and conduct clinical trials/studies. How these trials are planned, tracked, and controlled are critical to effective project management regardless of what level of Earned Value requirements are used to manage the contract, whether full ANSI/EIA Standard-748 or the BARDA 7 Principles of Earned Value Management Tier 2 System Implementation. Knowledgeable and expert EV execution is critical. This Webinar will discuss the importance of proper subcontractor planning and management in an Earned Value environment.
Webinar No. 11, December 19, 2013 with Rich Plumery
Strategic Management of Actionable Risk-critical Tasks, Events and Resources (SMARTER)
This webinar will focus on maximizing the value and clarity of information produced by project performance information systems to tell the project’s story. This will be accomplished by demonstrating how to refine the accuracy of the Earned Value indices with techniques that are applicable to most projects. When these refinements are combined with an added focus on the project’s risk critical elements and increased frequency of measurement to ensure actionable data, it provides a best value solution to project performance measurement. Additionally, this paper will demonstrate how to use a unique graph to tell the project’s story more accurately through the correlation of the refined Earned Value indices. Learn to manage and measure project performance using “SMARTER” techniques.
Webinar No. 10, November 14, 2013 with Eleanor Haupt
“Introduction to EVM: Concepts of Analysis”
Proper management use of EVM data by the project team can be the deciding factor in whether a project fails or is delivered on time and within cost. However, proper use depends on effective and tailored analysis by the team. Effective analysis considers all impacts, considers all courses of action, synthesizes an integrated solution and action plan, and allows informed decisions.
This webinar will introduce the basic concepts of analyzing past performance and projecting future performance using the framework of an analysis roadmap. The basic metrics and variances are reviewed in this webinar, followed by guidelines on interpreting trends and correlating various performance metrics. Guidance will also be provided on reviewing data integrity and assessing the realism of the estimate at completion. The webinar will wrap up with ideas for engaging the entire project team in earned value analysis.
Webinar No. 9, September 12, 2013 with Glen Alleman
“Connecting Agile with Earned Value Management”
Connecting Agile with Earned Value Management programs is straight forward when following these guidelines. This talk will show you how to make those connections, how to apply the principles and practices of Agile, and how to use your exiting Earned Value Management processes to better advantage for improved program performance. This webinar includes an overview of Agile software development practices and the minimal 11 Guidelines of EIA-748-C.
Webinar No. 8, August 15, 2013 12:00 EDT with Tony Barrett
“A Comparison of Earned Value Management System (EVMS) Standards”
Currently there are at least four, recognized standards for setting up and operating an organization’s Earned Value Management System (EVMS). They are the American ANSI/EIA 748, the Australian AS 4817, the Program Management Institute’s (PMI’s) Practice Standard for Earned Value Mangement (EVM), and the US Government Accountability Office’s (GAO’s) combined Cost Estimating and Scheduling Guides. All of these standards have their strengths and weaknesses. In this presentation, you will receive top-level guidance to the following question: Which EVMS Standard should I consider as a starting point for my organization? This guidance will also give answers to the following questions:
- What is an EVMS?
- What is ANSI/EIA 748?
- What is AS 4817?
- What is PMI’s Practice Standard for EVM?
- What are the Combined GAO Cost Estimating and Scheduling Guides
- What are the relative strengths and weaknesses of these EVMS Standards when compared to each other?
Webinar No. 7, July 19, 2013 12:00 EDT with Gordon M. Kranz
“Earned Value Management: A Beacon in the Cloud of Program Execution”
This webinar will discuss the use of EVM as a program management tool that provides data indicators that can be used by all members of the program team to proactively make decisions throughout the program lifecycle. Central in the discussion is the importance of upfront planning and the use of the Integrated Master Plan and Work Breakdown Structure to establish program expectations and identify success criteria.
Webinar No. 6, June 28, 2013 12:00 EDT with Eleanor Haupt
“An Introduction to EVM”
This webinar will describe the essential concepts and terms of earned value management (EVM). The material begins with a broad explanation of EVM and explains what EVM is, where and when it is applied, why it is applied, primary steps, and the benefits. Basic concepts are explained, using easy to understand terms and simple examples.
Webinar No. 5, May 9, 2013 with Barry Schuler
EVM World 2013 Preview
Webinar No. 4, April 18, 2013 with David Hulett
“Integrated Cost-Schedule in Risk Analysis”
The Risk Drive Approach to Project Schedule Risk Analysis
Webinar No. 3 March 21, 2013 with Mark Infanti
“Understanding CAM Requirements for Subcontract EV flow down and Management”
Subcontract CAMs must understand the “what and why” of the subcontracted work to forecast the impact on their program. Subcontract plans then must become part of the CAP. It also means that if the subcontractor’s data is wrong, it is the CAM’s fault, as the manager. This presentation provides guidance for planning subcontract work.
Webinar No. 2 September 5, 2012 with Tony Finefield
“ANSI EIA 748-B, Earned Value Management Guidelines”
The American National Standards Institute (ANSI), in May 1998, approved ANSI/EIA-748-1998, Earned Value Management Systems. This standard is the culmination of efforts by a number of industry associations, including the National Defense Industrial Association, to document and describe “the qualities and operational characteristics of an integrated management system using earned value analysis methods without mandating detail system characteristics.” The document defines 32 Guidelines for use in establishing and applying an Earned Value Management System (EVMS) along with a discussion section that provides general guidance on their use. The Standard has been updated twice and is currently undergoing review for the third revision.
Mr. Finefield will discuss the 5 Guidelines focused on Organization; the 10 Guidelines that address Planning, Scheduling, and Budgeting; the 6 Accounting Considerations Guidelines; the 6 Analysis and Management Reports Guidelines; and the 5 Guidelines that define Revisions and Data Maintenance.
The presenter will discuss each guideline in terms of the generic requirement described, how this requirement is discussed in the ANSI Standard and, based on his extensive background in reviewing both approved and proposed EVM Systems, some of the “dos and don’ts” involved in their application.
Webinar No. 1 August 8, 2012 with Neil Albert,
Vice Chairman of MCR, LLC
“Developing and Understanding the Purpose of Work Breakdown Structures”
The Work Breakdown Structure (WBS) is a critical part of managing and planning any project. The development of the WBS is critical to ensure that all members of the team, both industry and government, can communicate and coordinate their activities. The WBS is the best tool for ensuring consistency and focus on the project. This presentation will discuss the key attributes of a good WBS in scoping and planning of projects. The presentation will provide the generally accepted concepts of the use and application of the WBS as well as why it is often misunderstood and not used as it should for maximum effectiveness. The presentation will also discuss the fundamentals of the WBS including considerations in the development as well as examples of the uses the WBS for project management, engineering, cost analysis, EVM, and data collection.
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