Module 5: RAM, Risk Management, EVM

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Earned Value A snapshot of the work progress at a giventime The sum of the value of all completed tasks,plus – The percentage of completion of in-progresstasks Requires an objective method of determiningpercent complete Budgeted Cost of Work Performed (BCWP)22 nd Annual NARPM Training Program22 nd Annual NARPM Training Program21
EV Measurement Techniques Fixed Formula• 50/50, 0/100, 25/75 WeightedMilestone• Divide task intosegments and giveeach a weight Apportioned Effort• Usually for supporttasks Level of Effort• No tangibleoutcome can bemeasured Percent Complete• Most Common• Each uncompleted task isevaluated and acompletion percentage isassigned• Multiply the percentcomplete by the baselinevalue of the task• Sum the values of all tasks22 nd Annual NARPM Training Program22 nd Annual NARPM Training Program22
Page 2: Topics To Be Covered Responsibility
Page 5 and 6: Project Risk ManagementWhile Projec
Page 7 and 8: Risk Management PlanningDecide how
Page 9 and 10: Risk Identification - RBSALL SOURCE
Page 12 and 13: Impact543Project Risk ManagementRis
Page 14 and 15: Project Risk ManagementRisk Respons
Page 16 and 17: Earned Value Management Methodology
Page 18 and 19: Performance MeasurementMeasure proj
Page 20 and 21: Planned Value Developed from the ba
Page 24 and 25: COST (Dollars)$600KEarned Value$500
Page 26 and 27: COST (Dollars)$600KActual Cost$500K
Page 28 and 29: Schedule Variance (SV) Describes th
Page 30 and 31: Cost Variance (CV) Describes the di
Page 32 and 33: Variance At Completion (VAC) Descri

Module 5: RAM, Risk Management, EVM

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