Become a Guru!

32in32: The Earned Value Guidelines in Digestible Bites

AzTech International Presents;


The Earned Value Guidelines in Digestible Bites!

#32in32 is a campaign tackling the 32 Earned Value (EV) Guidelines in 32 words. Whether you are new or an expert in Earned Value for managing projects, follow along with #32in32 on AzTech social media!

Guideline #1: WORK
Gather project scope documents and break the project into manageable chunks; a work products family tree.
🔑 Key Tip: What you EXCLUDE from project scope is perhaps even more important than what you INCLUDE.

Guideline #2: ORGANIZATION
Create a project team organization chart with ONE project manager and ONE accountable name for each major chunk of work.
🔑 Key tip: Give managers authority, tools, and training to manage their work.

It takes a village of systems to define, plan, budget, collect costs, claim progress, update forecasts, and analyze a project successfully.
🔑 Key Tip: A smart and uniform coding approach helps integrate data.

Guideline #4: OVERHEADS
Overhead (also called indirect) costs need a single manager for each department, function, or pool.
🔑 Key Tip: Project teams cannot deliver scope and schedule on budget if overhead costs are out of control.

Guideline #5: CHUNKS OF WORK
Break projects into manageable work chunks with defined technical scope bounded by cost, schedule, and performance targets.
🔑 Key Tip: Assign a single work code and team code to manage each work chunk.

Guideline #6: SCHEDULE
Create a plan capturing authorized work scope realistically modeling the logical tasks to measure progress for phases, deliverables, and events.
🔑 Key Tip: Aim for the FEWEST tasks required to manage the work.

Guideline #7: PROGRESS
Measure progress on delivering work products with start, finish, and interim milestones--even inchstones--tracking technical performance goals.
🔑 Key Tip: Claim progress objectively so that your replacement could easily know percent complete.

Magic Guideline #8: BUDGET
Timephase cost targets (budgets) by resource to successfully deliver the work scope, schedule, and cost.
🔑 Key Tip: Set realistic budget targets and document assumptions and buy-in from task and resource owners..

Guideline #9: COST ELEMENTS
Break budget targets into key cost elements like direct labor, material, and other costs.
🔑 Key Tip: Don't forget to identify costs for travel, tooling, software, equipment, facilities, material, parts, and services.

Break manageable chunks of work into individual work packages or planning packages (far-term, less-defined).
🔑 Key Tip: Assign ONE earned value technique per work package for how you will claim performance.

Follow us for more!