EVMS
EVMS
(OP)
anyone have experience using one of the programs employing EVMS strategies?
which programs?
which programs?
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RE: EVMS
The organisation that I work for uses InControl. You can enter progress, as percent complete, at the deliverable or WBS-element levels and it calculates all the earned values and performance indicies. It pretty good once you get to know your way around the software.
RE: EVMS
RE: EVMS
RE: EVMS
Inputs:
Budget at Completion, BAC
Actual Cost, AC
Planned Value, PV
Percentage Complete, PC
Estimate to Complete, ETC
Outputs:
Earned Value, EV = BAC x PC
Cost Variance, CV = EV - AC
Percent Cost Variance, CV% = (CV/EV)%
Cost Performance Index, CPI = EV/AC
Schedule Variance, SV = EV - PV
Percent Schedule Variance, SV%, = (SV/PV)%
Schedule Performance Index, SPI = EV/PV
Estimate at Completion, EAC = AC + ETC
Variance at Completion, VAC = BAC - EAC
Percent Variance at Completion, VAC% = (VAC/BAC)%
To Complete Performance Indices
- To achieve BAC
TCPI = (BAC - EV)/(BAC - AC)
- To achieve EAC
TCPI = (BAC - EV)/(EAC - AC)
The estimate to complete can also be calculated independently:
- Future performance influenced by past cost performance
ETC = (BAC - EV)/CPI
- Future performance influenced by past cost performance (80%) and schedule performance (20%)
ETC = (BAC - EV)/(0.8*CPI + 0.2*SPI)
- Future performance influenced by previous three CPI results
ETC = (BAC - EV)/(CPI1 + CPI2 + CPI3)/3
- Future performance influenced by past cost and schedule performance
ETC = (BAC - EV)/(CPI*SPI)
RE: EVMS
i read a white paper on it and how it aides in compliance with S-Ox sec.404.
but i also agree with DRC1 and dbuzz, it is not PHD material!
RE: EVMS
RE: EVMS
RE: EVMS
RE: EVMS
I'll see if I can find some.
RE: EVMS