PPT-Calculate Schedule and Cost Variances with Earned Value Analysis

Intermediate Cost Analysis and Management 1 113 How Can We Better Manage Large Complex Non Repetitive Projects 2 Terminal Learning Objective Action Calculate Schedule and Cost Variances with Earned Value Analysis. 1. Earned Value Analysis (EVA). Earned value. is a measure of progress. enables us to assess the “percent of completeness” of a project using quantitative analysis rather than rely on a gut feeling. Dave Johnson. What is meant by Earned Value?. Features of an Earned Value Management System (EVMS). Development of a Performance Measurement Baseline (. P. MB). Assignment and training of Cost Account Managers (CAMs). Grete Kikas. Tallinn University of Technology. Healthcare Technology. Topics. What is Earned Value Project Management?. Why it is powerful tool for software projects?. Background. Different studies estimate that a significant number of software development projects are in chaos.. PMP, MCTS, MCITP. Matthew T. Davis, PMP, MCITP. EVM De-Mystified!. Understanding E. a. rned Value Management in Project. PC313. EVM De-Mystified. EVM Overview. Key Concepts. Terminology. Interpretation. AS Business Studies. Aims & Objectives. Aim:. Understand variance analysis. Objectives:. Define variance analysis. Explain the causes of variance. Analyse managerial reactions to variance analysis. Presented by Ono & Chen CPAs, LLC. May 29, 2014. Full service CPA firm specializing in assisting clients that work with the WIP Schedule. .. Over 95% of our clients are in construction and/or are government contractors.. , Reprogramming, and Single Point Adjustments. July . 2013. NAVY CEVM. Definitions and theory. M. odels to examine the effects. Impacts and recommendations. Post-OTB/SPA reporting . Outline. BCWS – Budgeted Cost of Work Scheduled, time phased budget. RESULTS IN ERRONEOUS CONCLUSIONS.  . Charles F. Lappenbusch, Jr. MBA, . CCP. , EVP, PSP. Presentation to Seattle Section, . AACE. ® International. March 9, 2017. Over 30 years of . financial and project . Using EVM to Track . Progress. Using Earned Value to Track Progress. What can you tell me about this project?. Is it… . on schedule, ahead schedule, or behind schedule?. Is it… . on budget, over budget, or under budget?. Intermediate Cost Analysis . and Management. © . 1. What Does it Mean??. 37. Best in class. or worst?. 37 out of 100? or. 37 out of 37?. Better than last score or worse?. Disappointed or elated?. © . Dave Johnson. What is meant by Earned Value?. Features of an Earned Value Management System (EVMS). Development of a Performance Measurement Baseline (. P. MB). Assignment and training of Cost Account Managers (CAMs). Learning Objectives. Explain . standard costs and how they . are . set. Compute the direct materials price and quantity variances and explain their significance. Compute the direct labor rate and efficiency variances and explain their significance. Management. Importance. Estimating costs to compare and select. Methods of Estimating. Managing the Budget. Budget timeline. Budget . variances. Importance of budget planning. Cost is one of the three project constraints. Measurement and . Evaluation. Chapter 13. Project Monitoring System for Control . Information System Structure. What data are collected?. Current status of project (schedule and cost). Remaining cost to compete project.