Earned Value Schedulingwith EVengine 6.6Mark E. ReadPrincipalSequence Advisors, Inc.

ObjectivesEarned Value Scheduling BackgroundKey TermsWhat is Earned Value Scheduling?What is EVengine?DemonstrationAsk questions

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 mark@sequenceadvisors.com

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

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.

Preparing to use Project for EVM

Work Breakdown StructureOptional Cost Account or OBS codesUnique ResourcesCost DataBaseline DataUpdated Schedule

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. “

EVM Terms

Typical Earned Value Metrics

Earned Value Schedule answers:

What is EVengine?

Scheduling and other data from Project, extracted into Excel, combined with tools to generate a full suite of Earned Value Analysis

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

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

Interpreting Results

Table and Charts

Add-in to Excel with menus for configurationAll the power of ExcelCan use chart types to add the table.

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

Resources

www.earnedschedule.comSupertech Project Management

James Bulmer

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

Questions? Comments?

Thank you!