Professional Documents
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CONTENT
IntroductiontoEarnedValue ApplyingEarnedValueManagement Experiences
Specialtopic:EarnedSchedule
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EV
FORECAST
PMBOKGuide,FourthEdition
VARIANCE ANALYSIS ScheduleVariance=SV=EV PV<0=delay>0=ahead SchedulePerformanceIndex=SPI=EV/PV<1=delay>1=ahead S h d l P f I d SPI EV / PV <1 d l >1 h d Appliedontothecriticalpath ???
FORECAST
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EV
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EV
SV
200 300 400 400 500 600 1.00 0.95 0.90 0.85
SPI
0.80 0 5 0.75 0.70 23/06/2009 EV 5
Provides foundation for further development of and research intended to result in Earned Schedule acceptance as a valid extension to EV
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PV
SV EV
time AD ES SV(t) PD
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EV
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1.000 200 1.500 300 2 000 2.000 400 2.500 500 SV SV(t)
3.000
600
3.500
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EV
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10
AD ES PD PD/SPI / PD/SPI(t)
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EV
11
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12
ESResearch ES Research
Emperical evidence:
Vandevoorde St., Vanhoucke M., International Journal of Project Management, May 2006 A Comparison of different project duration forecasting methods using p p j g g earned value metrics
State of the Art Report on Forecasting Duration Methods Earned Schedule provide schedule metrics which behave correctly during the whole project life Earned Schedule forecasting is more reliable, and usefull to sanity check schedule expectations
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EV
13
ESResearch ES Research
Academical Research:
Funded by PMI Belgium & FWO, Vlaanderen
Vanhoucke M., Vandevoorde St., Journal of the Operational Research Society, October 2007 A simulation and evaluation of earned value metrics to forecast the project duration
IPMA Research Award 22nd World Congress Rome Earned Schedule is the better performer for forecasting
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ESResearch ES Research
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EV
15
ESResearch ES Research
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EV
16
Information
A Belgian Research Effort
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EV
17