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The Earned Value Management Maturity Model

Book Description

The Earned Value Management Maturity Model® gives you the fundamental tools needed to build an effective Earned Value Management System (EVMS). This must-have resource makes earned value management easy by defining a maturity model and describing metrics to measure the health and efficiency of your EVMS. Discover valuable ways to improve your EVMS and achieve project success. Through point by point discussions, you will:
• Gain fundamental knowledge of Earned Value Management (EVM)
• Learn how EVM can be applied to a team, project, program, or organization
• Understand how to define what your organization wants from its EVMS
• Discover a five stage maturity model for EVMS implementation
• Bring your EVMS in line with ANSI 748 guidelines
• Review many real or imagined impediments to implementing EVM and how to overcome the real ones
PLUS — You'll gain practical EVM experience through a comprehensive case study that follows a fictional company and newly hired project manager. By applying the EVM knowledge and skills covered in the book, the project manager illustrates the ease of implementing an effective EVMS!

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Dedication
  5. Contents
  6. Preface
  7. Foreword
  8. Part I: Earned Value Management Basics
    1. Chapter 1: Introduction to Earned Value Management
    2. Chapter 2: Basic concepts of Earned Value Management
      1. Planned Value: The Planned Value of Work
      2. Earned Value: The Value of Completed Work
      3. Actual Cost: The Cost of Completing Work
      4. The Control Account Concept
      5. Funds, Budgets, Contingency, Profit, Overhead, Management Reserve, and Undistributed Budget
      6. Analytical Products from Earned Value Management
      7. How Earned Value Management Supports Decision-Making
      8. Accuracy and Significant Digits
      9. Integration of Earned Value Management with PMBOK® Planning and Control Process Groups
    3. Chapter 3: Requirements for Earned Value Management
      1. Getting to a Sound Schedule
      2. Planned Value: Creating a Time-Phased Budget
      3. Earned Value: Collecting Progress Information
      4. Actual Cost: Collecting Cost Information
    4. Chapter 4: Real and Imagined Impediments to Earned Value Management
      1. ANSI/EIA 748 Standards Must Be Met
      2. EVM Is a Personnel Measurement Scheme
      3. EVM Requires Project Planning Time and Resources
      4. EVM Is Costly and Time-Consuming
      5. EVM Requires an Auditable Monetary Cost-Collection Mechanism
      6. Cost Data Must Be Auditable and Accurate
      7. EVM Requires a Cultural Change
      8. Executives Must Have an Interest in EVM
      9. EVM Requires a WBS
  9. Part II: Implementing Earned Value Management via the Earned Value Management Maturity Model
    1. Chapter 5: The Need for an Earned Value Management Maturity Model
      1. Creating a Scalable Model
      2. Maturity Models
    2. Chapter 6: Overview of the EVM3
      1. EVM3 Level 1: Initial Level
      2. EVM3 Level 2: Localized/Partial Implementation
      3. EVM3 Level 3: ANSI/EIA 748–Compliant Implementation
      4. EVM3 Level 4: Managed Implementation
      5. EVM3 Level 5: Optimizing Implementation
      6. EVM Key Process Areas and the Framework of the EVM3
    3. Chapter 7: EVM3 Level 1: Initial Level
    4. Chapter 8: EVM3 Level 2: Localized/Partial Implementation
      1. Understanding EVM3 Level 2
      2. Key Process Areas
    5. Chapter 9: EVM3 Level 3: ANSI/EIA 748–Compliant Implementation
      1. Understanding EVM3 Level 3
      2. Key Process Areas
    6. Chapter 10: EVM3 Level 4: Managed Implementation
      1. Understanding EVM3 Level 4
      2. Key Process Areas
    7. Chapter 11: EVM3 Level 5: Optimizing Implementation
      1. Understanding EVM3 Level 5
      2. Key Process Areas
      3. Closing Remarks on Heather, Blue Zephyr, and Earned Value Management
  10. Appendices
    1. Appendix A: Common Earned Value Management Work-in-Process Measurement Methods
    2. Appendix B: EVM3 Level and U.S. Office of Management and Budget Scoring Rules
    3. Appendix C: ANSI/EIA 748 Guidelines (Unabridged)
    4. Appendix D: Concepts of Earned Value Management System Metrics
  11. Index