Earned Value Management Using Microsoftr Office Project

Schedule and cost management are the most essential parts of project lifecycle management and many projects fail as a result of not managing these critical components effectively. The most commonly used tool for project schedule management is Microsoft Office Project, which is designed to assist project managers in developing schedules, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads. The most common technique used for cost management is earned value management (EVM), a project management technique used for measuring project progress in an objective manner that combines measurements of project scope, schedule and cost performance within a single integrated methodology. EVM is becoming the standard across the world for this purpose in both the private and public sector and many organizations are now adopting this technique to manage their projects. In the public sector, EVM is mandated for all government projects in the United States and many other countries are following suit. Earned Value Management Using Microsoft® Office Project is the first reference to effectively combine the most widely used scheduling tool with the most widely accepted cost management technique. It is a practical guide to end-to-end scheduling and cost management using Microsoft Office Project that includes a CD-ROM of a limited version of a unique EVM software tool that will help practitioners more effectively manage their projects, track and report the status and progress of projects, and take necessary action before their projects fail beyond repair. This text is an excellent complement to whatever Microsoft Office Project guide that you may be using and a significant addition to the literature on how to use EVM.

Earned Value Management for Project Management Using Microsoft Office Project is the revision to the author's earlier title, Earned Value Management Using Microsoft Office Project, which currently sells across the world as a good reference book for earned value management. The earlier title was also adopted by PMI for sale through the PMI bookstore. After successfully running the earlier title in print for over four years the author decided to revise his title and include tons of other aspects of project management into this new title. The original title was focused on schedule and cost management aspects of project management. The author has now revised it with this title and included concepts such as what-if analysis, human resource management and project financials management all with the help of earned value management technique and Microsoft Office Project tool. The author has also addressed the comments that he received for his previous title about the contents of the book. The new concepts presented by the author in this title are unique to this title and cannot be found elsewhere in any other book on the market. Throughout the book, the author maintains his claim of project managers being able to use the methods and techniques presented in this book for any size project by keeping the methods and techniques simple and easy-to-use for any project manager who is either from a technical or a nontechnical background. Since the title focuses on project financials management, it will very well appease the senior management audience as well. The techniques presented in this book can very well be adopted by an entire organization for all their projects, and they would help the organizations maintain better control over their projects. This title will serve its purpose for both service-oriented organizations and product-oriented organizations. For outsourced projects scenarios, it would benefit both the customer and the vendor organizations. Salient features• Includes lots of practical examples and illustrations for ease of understanding• Covers all existing versions of Microsoft Office Project• End-to-end project-management handbook, covering scope management, schedule management, cost management, time management, human resource management, financials management, and so forth.• Introduces users to never-before-seen what-if analysis using EVM technique• Project financials management such as gross margins and profitability are introduced

"This book demonstrates how Earned Value Management can be effectively applied to any size project or program with the same rigor as that of a large and critical project. It is a practical guide to complete end to end schedule and cost management using the Microsoft???????? Office Project."

This book is principally a Microsoft Project book aimed at Project Management Professionals who understand the PMBOK(r) Guide Fourth Edition processes and wish to learn how to use Microsoft Office Project to plan and control their projects in a PMBOK(r) Guide environment, and discover how to gain the most from the softw

Aimed at Project Management Professionals who understand the PMBOK registered] Guide Third Edition processes and wish to learn how to use Microsoft Office Project to plan and control their projects in a PMBOK registered] environment, this user guide and training manual helps them discover how to gain the most from the software.

Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented.

This book is organized with a brief overview of EVM, highlighting the key management questions EVM can help answer and exploring where EVM fits into the projet management universe. It also emphasizes EVM Performance Analysis and contains the basic elements of Earned Value Management. This book also outlines basic EVM practices in their project management context and shows how EVM practices facilitate project planning and control for better management of project cost and schedule performance.

The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies