Earned value analysis in software engineering ppt topics

Earned value exercise 6 3 b c earned 4 b c earned 5 b c earned 6 b c 7 b c 8 b c earn value analysis. Topics iii software life cycles community driven projects lean software development scrum software architecture modeldriven software architecture serviceoriented architecture software as a service 6. Earned value management formulas earned value ev earned value is a term that refers to the cost of the work that has been completed expressed as the value of the performance budget assigned to that work. Earned value analysis explained for project management. The primary purpose of the system is to support integrated program management. Evm integrates the scope, schedule, and cost of a project. Also new to this edition is information on the earned value analysis eva system and introductory coverage of building information modeling bim and lean construction in the context of project scheduling. After the release of the product sept make these presentations avaiable to the software engineering community. The earned value chart graph to evaluate cost and performance to date. Lecture notes system project management engineering.

It is obvious that mitre has put a significant amount of effort into the guide, and it is a valuable contribution to the systems engineering community. Earnvalue analysis in software engineering slideshare. The principles behind the method represent best practice in planning and control in projectbased management. Angels live in the clouds and the devil on the earth. An earned value management system evms for integrated program management will effectively integrate the work scope of a program with the schedule and cost elements for optimum program planning and control. Use of an integrated management system that coordinates work scope, schedule, and cost objectives and employs earned value methods for program planning and control. It is a systematic project management process used to find variances in projects based on the comparison of worked performed and work planned. Integrates technical, cost, schedule, with risk management. Evms forproject earned value management software for. Understanding earned value analysis ppt download slideplayer. Value engineering is a methodical process to transform the project into its most functionality with spending the lowest cost. Measured mile analysis baseline productivity analysis 16 system dynamics modelling 17 earned value analysis 22 sampling methods 23 comparison studies 24 industry. Earned value analysis eva a quantitative project management. Costs to complete, variances and how a project is performing to plan are vital metrics to capture and trend on a regular basis to achieve a successful project outcome.

Eva provides means to balance gainslosses, optimize the balance and maximize the gains. Earned value analysis is the project management tool that is used to measure project progress. Let us consider the following example to understand the concepts better an erp. Engineering economic analysis 9th edition chapter 3 interest and equivalence economic decision components where economic decisions are immediate we need to consider. For example, many organisations fail to include the cost of internal staff time. Colin powell opportunity is missed by most people because it is dressed in overalls and looks like work. As a bridge engineer and project manager, he manages projects ranging from small, local bridges to multimillion dollar projects. Performance analysis of earned value management in the.

The cost variances are calculated as the earned value minus some. Earned value management evm helps project managers to measure project performance. Technical performance based earned value as a management. Design and deliver dcmadefined training assets to further develop agency acquisition professionals who deliver actionable acquisition insight from the factory floor to the front linearound the world. I will use the systems engineering guide as a resource in teaching and research. As part of evm, you use the following information to assess your schedule and cost performance throughout your project. Using earned value to monitor governmental archiving and records costs 404. The key purpose of earned value management is to inform a project teams decision making and to highlight cost and schedule issues early, allowing time for recovery action to be taken. Project managers are then told to start using earned value, with the management expectation that project results will soon improve.

Nov 21, 2019 earned value management evm in its various forms is a commonly used method of performance measurements. The pmi refers to evm as project management with the lights on since the use of evm provides rich visibility and rich reporting on all levels of. Evms forproject is an enterpriseclass earned value management software application suite from forproject technology, and is designed for easeofuse, scalability, flexibility, security and performance. It integrates project scope, cost, and schedule measures to help the project management team assess and measure the project performance and progress.

Complete schedule risk analysis for remaining work, estimate work remaining. The value engineering stages included calculating the costworth function, analysing through function analysis system technique fast, innovation and creativity stage, evaluation of the life. According to nibs, value engineering is a conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and longterm investment. Earned value management evm 122506 evm introduction 2 122506 evm introduction 2. Earned value management 1 earned value management evm is a project management technique that objectively tracks physical accomplishment of work. What project management software programs door should do presentation there are numerous project management programs out there, ranging from simple scheduling programs to bloated behemoths that do everything but tap dance at the company picnic and wash windows in the corporate boardroom.

Ppt software project management powerpoint presentation, free. It provides an overview of business thinking in software engineering. Systems engineering role in implementing earned value management evm chris dipetto odusda. Earned value analysis presentation with examples slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Based methods 24 other quantifying methods 25 matching the quantifying methods with project practice 26. The evm world workshop is a chance to learn about project performance techniques, including earned value management evm. Earned value terminology lets start out by clarifying the terminology associated with earned value, because many people incorrectly use. It compares the actual work completed at any time to the original budget and schedule. Introduction it is the process used to identify the correctness,completeness and quality of developed computersoftware.

Mem 612 project management mem 612 project management the earned value chart variances on the earned value chart follow two primary guidelines. With this information in hand, you can generate status, progress, and performance reports. Nov 17, 2019 earned value, planned value, and actual cost are fundamental elements of earned value management. Secondly, earned value management methodologies can help project managers navigate the socalled triple constraints time, cost, and scope more effectively.

Am i behind schedule if my actual costs are lower than the planned costs. If the earned value exceeds the planned value, the project is ahead of schedule. Earned value management software for construction and. For more than thirty years, construction project management has been considered the preeminent guide to all aspects of the construction project management process, including the critical path method cpm of project scheduling, and much more.

Construction project management, 6th edition wiley. Presented by saptarshi dutta chowdhurymca, heritage institute of technology 2. Therefore, i request you to go through every step thoroughly. Identifying layers of risk in projects, risk identification, tracking and mitigation with risk register and risk matrix, integrating engineering, financial, and strategic perspectives, real options on projects, real options in projects, npv analysis, irr, value at risk and gain varg curves. Feb 21, 2017 when forecasting total project cost, it is good to rely on forecasting methods that are embedded in the earned value management system. A negative is means there is a deviation from plannot good 2. Companies embracing earned value prepare procedures and may provide some basic training. Ppt value analysis powerpoint presentation free to. Halsteads metrics are included in a number of current commercial tools that count software lines of code. Explore software engineering seminar topics, computer science cse engineering and technology seminar topics, latest cse mca it seminar papers 2015 2016, recent essay topics, speech ideas, dissertation, thesis, ieee and mca seminar topics, reports, synopsis, advantanges, disadvantages, abstracts, presentation pdf, doc and ppt for final year be. Integrating earned value into the management of software development projects level 2. Organized cost reduction analysis by which accountants analyze costs in products or procedure, the ranking of their elements in a descending order of magnitude and in informed challenge to each, starting with the most important. For example, if a work package is the installation of 500 new computers in an office, and.

Earned value example forecast bcws 60 vasv254520 45. Jan 04, 2019 today, value analysis has been deemed value engineering, and its an important part of a good estimators process. A free powerpoint ppt presentation displayed as a flash slide show on id. The 8 steps to earned value analysis projectengineer. If you continue browsing the site, you agree to the use of cookies on this website. Earned value management terms and formulas for project. Earned value management evm is a systematic process used to measure project performance at various times throughout a. Earned value management is based on the integration of these three aspects of project work. Earned value analysis in the cost management of construction.

Earned value analysis presentation linkedin slideshare. Earned value management evm is a wellknown technique to control the time and cost performance of a project and to predict the final project duration and cost. Principles of software engineering management bad news isnt wine. Unfortunately, many organizations do not have the financial systems in place that enable earned value management. Its not just the cost of the completing some work, it representing the value that has been earned by completing the work. Oct 24, 2015 earned value management formulas earned value ev earned value is a term that refers to the cost of the work that has been completed expressed as the value of the performance budget assigned to that work. It achieves this by placing a baseline value on each deliverable at project commencement and crediting the project with that value when the deliverable is completed. Earned value analysis eva appears to be a compelling technique to use on projects to better understand and manage performance. Earned value management evm worked example tutorial. A computer program is an implementation of an algorithm considered to be a collection of tokens which can be classified as either operators or operands. Earned value management is the property of its rightful owner.

Pmp earned value management evm calculation explained. Earned value management software provides key reporting to identify productivity issues in a project. Eva provides a method that permits the project to be measured by progress achieved. The systems engineering guide fills an important niche for systems engineering practitioners. Project forecasting for planning and earned value management. Evm is used to track the progress and status of a project and forecasts the likely future performance of the project. But because many project professionals do not fully understand evas purpose and benefits, many managers often fail when attempting to apply eva to their projects. The project management institute pmi 2004 has defined earned value. By counting the tokens and determining which are operators and which are operands. Cost estimating overview cost estimating is the process of developing a cost estimate. This article explains the process of practicing eva by examining it within the larger frame of an earned. The workshop provides training, current topics from practicing professionals, access to world leaders in project performance management, networking, and the latest in software and consulting to make your program successful. I have discussed earned value management in detail and provided a short explanation of its three elements.

A value methodology is applied by a multidisciplinary team to improve the value of a project through the analysis of functions. Earned value analysis production and manufacturing. The jp consists of the following sequential phases, as shown in fig. Success through earned value at texas instruments 410. Eva metrics are used to measure project health and project performance.

Evm is used on the cost and schedule control and can be very useful in project forecasting. While earned value is the most important tool for monitoring and controlling project performance, and it is. Earned value management evm is a project performance measurement technique that provides an accurate comparison of the actual work performed against that planned. This paper looks into the usage of earned value analysis by project managers. In the 1960s the dod decided that more appropriate control was needed to manage their huge projects and related budgets. Cummulative earned value project earned value project actual costs period 1 period 2 period 3 period 4 period 5 period 6 period 7 period 8 period 9 period 10 period 11 period 12 earned value performance cummulative actual costs ac planned value pv earned value ev actual costs ac period 1. Ppt earned value management powerpoint presentation.

A thoroughly updated edition of the classic guide to project management of construction projects. The table below shows on day 8th, with the baseline schedule following the network diagram above appendix e, the cost variance is 900, schedule variance is. On the other hand, if the earned value is below the planned value. Schedule performance index spi is the ratio of earned value to planned value estimate at completion eac is an estimated cost of completing a project based on performance to date tocomplete performance index tcpi is a measure of the cost performance that must be achieved with the remaining resources to meet a specific goal. Cost estimating involves collecting and analyzing historical data and applying quantitative models, techniques, tools, and databases to predict a programs future cost. In this slides, earned value analysis is describe with the help of gantt chart and earned value graph. Earned value management systems eia748d sae international. The basic premise of earned value management evm is that the value of a piece of work is equal to the amount of funds budgeted to complete it. Evms forproject was designed from the ground up to make earned value management simple and costeffective. For example, the earned value analysis answers the following questions.

Allows objective assessment and quantification of current project performance. They can be used to generate a basic overview of your projects status. Also called as value analysis and one of the most important steps in the value management process. This book is the classic reading on software engineering economics. The jp consists of the following sequential phases, as shown in. Earned value analysis is an objective method to measure project performance in terms of scope, time and cost. Sep 23, 2019 also called as value analysis and one of the most important steps in the value management process. Software engineering presentations computer science. The earned value analysis eva is a valuable technique to determine real gains and losses.

Earned value analysis eva is a tool that can significant help project managers understand how their projects are performing. Readers will also benefit from building construction examples, which illustrate each of the principles of project management. Project forecasts are an integral part of cost controls and determining key performance indicators on a project. It is an easy tool to generate early warning signals to timely detect problems or to exploit project opportunities. Eva is a powerful tool to control simultaneously physical and cost performance. Using earned value analysis by alan bye using earned value analysis by alan bye activities do not always last for a reporting period. Pdf application of value engineering in construction projects. Mar 16, 2015 engineering economics0401 5 detailedtopics the following topics will be addressed during lectures introduction to engineering economics the decision making process cost estimation interest and equivalence different interest formulae present worth analysis uniform cash flow analysis benefit cost analysis rate of return analysis depreciation. Planned value pv, actual cost ac, and earned value ev now we are going to look at these elements in detail, including mathematical calculations. Sept for its various products checklist and templates has develop power point presentation to better explain the supporting standard or process of the product. Earned value analysis is a quantitative technique for assessing progress as the software project team moves through the work tasks, allocated to the project schedule. Although the examples and figures are dated, it still is worth reading. Components such as identifying analysis classes, specifying attributes, and defining operations. By comparing these two values, a construction manager can conclude if a project is on time, behind schedule or ahead of schedule.