Earned Value Scheduling with EVengine 6.6

1. Earned Value Schedulingwith EVengine 6.6 Mark E. Read Principal Sequence Advisors, Inc.

2. Objectives • Earned Value Scheduling Background • Key Terms • What is Earned Value Scheduling? • What is EVengine? • Demonstration • Ask questions

3. Sequence Advisors, Inc. • Founded in 2003 • Bringing database best practices to Project Management on the Microsoft platform • Reporting, Development, Integration Services • Training, Training, Training • Contact: Mark Read 510 406-4645 mark@sequenceadvisors.com

4. EV(t) Background • Military generally only interested in cost • Doesn’t matter how much… • They want the plane to fly. • IT and Pharma, however, are VERY interested in scheduling • Walter Lipke developed while working for the US military in OK • Use of earned value data to predict the schedule dates… early or late

5. PMI Practice Standard for EV Management • Is currently being revised. Major revisions will likely include Earned Scheduling • Walter Lipke credits Kim Henderson… • One of the co-chairman of EV Management Forum is… Kim Henderson • EVengineis the only commercial product.

6. Preparing to use Project for EVM • Work Breakdown Structure • Optional Cost Account or OBS codes • Unique Resources • Cost Data • Baseline Data • Updated Schedule

7. What is Earned Value Scheduling? • “Earned Schedule (ES) is a breakthrough analytical technique that resolves the EVM dilemma.  It is derived from and is an extension to EVM.  No additional data is needed for acquiring the ES measures; only the data from EVM is needed.  In contrast to the cost-based indicators from EVM, the ES schedule performance indicators are time-based, making them easier to comprehend.  The ES indicators provide a status and predictive ability for schedule, analogous to the facility for cost using EVM. “

8. EVM Terms

9. Typical Earned Value Metrics

10. Earned Value Schedule answers:

11. What is EVengine? Scheduling and other data from Project, extracted into Excel, combined with tools to generate a full suite of Earned Value Analysis

12. Workflow Implications • Do you need or want separation of duties? • Work in Project, Extract to Excel • Put rates only in Excel for confidentiality purposes • Use terms to more accurately model cashflow

13. Earned Value Data Fields • OBS – Organizational Breakdown Structure, defines organization to the application • CA – Control Account: Defines the accounting structure to the application • SP – Selling Price: Defines the selling price to generate profitabity • Terms – Define Payment terms to better model cashflow • MUST HAVE UNIQUE RESOURCES

14. Interpreting Results

15. Table and Charts • Add-in to Excel with menus for configuration • All the power of Excel • Can use chart types to add the table.

16. I am truly excited by Supertech’s release of their newest project control software, EVengine 6.6. This new product has incorporated the capability provided by the Earned Schedule extension to EVM. The addition, in my opinion, significantly enhances the already unique capability and utility of EVengine for controlling project cost and financial performance. Now with Earned Schedule, EVengine 6.6 provides the much needed suite of measures, indicators, and predictors for the management of schedule. This product is possibly the most complete project management control software available. Walt Lipke Creator of Earned Schedule For details on Earned Schedule www.earnedschedule.com

17. Resources • www.earnedschedule.com • Supertech Project Management • James Bulmer

18. Conclusion • Earned Value Scheduling answers the should have been • EVengine is a very handy tool which leverages Excel power and makes it easier • You will be hearing more about this in the future

19. Questions? Comments? • Thank you!