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  • PM Network

    Estimating on the go member content open

    By Fretty, Peter Regardless of industry, cost overruns are a common concern for project managers. The evolution of estimating software is helping to address the problem. This article discusses recent trends…

  • PM Network

    Earned value for the masses member content open

    By Fleming, Quentin W. | Koppelman, Joel M. More than one hundred years ago, industrial engineers first used earned value (EV) as a technique for determining the true cost of production work for large and complex projects. Through their…

  • PM Network

    What's the value of earned value? member content open

    By Singletary, Nancy This article discusses the earned value concept and traces its development since it was initially created as the PERT COST system in 1960 by the Polaris Special Project Office as a method for…

  • PM Network

    The case for earned value member content open

    By Hatfield, Michael A. The concept of earned value has its critics but can be a useful tool for project managers if used properly. A superficial comparison of the budget with actual costs does not reveal how a project is…

  • PM Network

    Monitoring performance against the baseline member content open

    By Fleming, Quentin W. | Koppelman, Joel M. How is your project doing? Focusing on exceptions to the baseline plan makes performance measurement more accurate.

  • PM Network

    Taking step four with earned value member content open

    By Fleming, Quentin W. | Koppelman, Joel M. A project baseline is needed in order to determine precisely how much of the planned work has been accomplished, as of any point in time, to compare with the actual costs to accomplish that work. A…

  • PM Network

    Taking step three with earned value member content open

    By Fleming, Quentin W. | Koppelman, Joel M. These three steps are required in order to employ the earned value concept on a new project. It is no different than the initial effort required to start any new project. They are simply basic…

  • PM Network

    Earned value member content open

    By Wilkens, Tammo T. The accounting and investment communities depend upon dependable ways to recognize revenues for projects. Traditionally, revenue calculations for projects are measured as a percentage of…

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