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Project Management

TMN, Issue 1, 2010: Measuring time: An earned value performane management study

Submitted by Mario Vanhoucke on Mon, 10/29/2012 - 15:00
In this article, published in 2010 in The Measurable News, an overview is given of the book “Measuring Time - Improving project performance using earned value management”. Many articles published on PM Knowledge Center are based on this research study and focus on the use of time predictors of earned value management as accurate forecasting methods for the final project duration. The book is available at www.springer.com and in a lot of online bookshops. An introduction of this topic can also be found in the article ”Dynamic scheduling: An introduction to project control”. 

TMN, Issue 1, 2009: Forecasting a project’s duration under various topological structures

Submitted by Mario Vanhoucke on Mon, 10/29/2012 - 12:26
In this article, published in 2009 in The Measurable News, the forecasting accuracy of three time predictors using the earned value and earned schedule methodology is along the topology of the project network. It is a follow-up of the “TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors” and “TMN, Summer 2008: Earned value forecast accuracy and activity criticality” articles. The article shows that the topological structure of a project network, measured as the closeness of a project network to a serial or parallel network, clearly determines the forecast accuracy of  these earned value based metrics to predict a project’s duration. The article concludes that a more serial network that contains, on average, more critical activities, results in a better forecast accuracy compared to more parallel networks.

TMN, Summer 2008: Earned value forecast accuracy and activity criticality

Submitted by Mario Vanhoucke on Fri, 10/26/2012 - 10:26
In this article, published in 2008 in The Measurable News, the forecasting accuracy of three time predictors using the earned value and earned schedule methodology is compared and validated. It is a follow-up article of “TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors” and makes a distinction between critical and non-critical activities, resulting in four simulation scenarios. The main reason why a distinction between critical and non-critical activities is made is to test the performance of earned value based time predictors when used on high levels in the Work Breakdown Structure (WBS). Since the use of these predictors on high WBS levels can potentially mask potential problems and lead to wrong forecasts, this study shows how accurate they perform, despite this error. 

TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors

Submitted by Mario Vanhoucke on Fri, 10/26/2012 - 09:44
In this article, published in 2007 in The Measurable News, the forecasting accuracy of various time predictors using the earned value and earned schedule methodology is compared and validated. Nine methods are compared and it is shown that the earned schedule based predictors outperform the traditional earned value based methods when predicting the final duration of a project in progress.

Welcome to the College of Performance Measurement: The world’s leading source of performance management information

Submitted by Mario Vanhoucke on Wed, 10/24/2012 - 10:20

The College of Performance Management is an international, non-profit professional organization dedicated to the disciplines of project management and performance measurement. They assist the earned value professional and project manager in professional growth and promote the application of earned value management. They are a growing body of professionals dedicated to managing projects on time and on budget.

 
The College of Performance Management have a partnership with EVM Europe (See ”Welcome to EVM Europe: Where research meets practice") and publish the quarterly journal The Measurable News.

Welcome to EVM Europe: Where research meets practice

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 13:20
The EVM Europe 2012 conference will showcase integrated project control best practices and novel research activities to Europe. It aims at bringing practitioners as well as researchers together to share their knowledge and exploit opportunities. The global aim of EVM Europe is to increase the use of EVM and to stimulate and challenge both project managers and researchers to go in discussion, aiming at bringing the current state-of-the-art knowledge to a higher level.

EVM Europe initiative maintains momentum

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:34

The EVM Europe initiative continues to progress with a successful third EVM Europe 2012 conference held at "the Escuala Técnica Superior de Ingenieria de Edificacion, part of the Universitat Politecnica de Valencia" (the School of Building Engineering at the Polytechnic University of Valencia, Spain) on 23-24 November 2011. Valencia is a hirstoric Spanish city located on the Mediterranean coast first fouded as a Roman colony in 138 BC. The hirstoric center is a large 169 acres in size and the city is also known for many monuments including the landmark City of Arts and Sciences, an avant-garde and futuristic museum complex.

EVM Europe initiative continues to develop

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:26

The EVM Europe initiative progresses with a successful second EVA Europe Conference held at the historic “Het Pand”, the Cultural Centre of Ghent University on 24–25 November 2010 with about 90 delegates and speakers attending. Het Pand, a former Dominican monastery, is located in the historical centre of the city of Ghent, on the banks of the River Leie. The oldest parts of this impressive building date from the 13th Century. Using Het Pand came from a collaboration between Ghent University, which owns the facility, and the Vlerick Leuven Ghent Management School, which sponsored the conference. 

EVA Europe initiative lifts off with a successful EVA-1 conference

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:21
The Earned Value Analysis (EVA) Europe initiative has achieved “lift off” with the inaugural Earned Value-dedicated conference
in continental Europe. This successful first was held at the prestigious European Laboratory for Particle Physics (CERN) in Geneva, Switzerland, in November 2009. As an added and unexpected bonus, “the world’s largest particle physics experiment made its first collisions during the conference.”

Message to students: Interested in Project Management? Get Involved!

Submitted by Mario Vanhoucke on Thu, 10/04/2012 - 18:25

Project management isn’t just about projects. It’s about people, who are willing to share their ideas on the management of projects. Not only success stories and state-of-the-art case studies are relevant, but different often conflicting points of view, coming from professionals, academics and... yes, young students are inspiring. That is why it’s important to get involved with PM organizations. Join them, visit their events and share your ideas with them. It will increase your ability to exploit opportunities in the (near) future when you start your professional career.

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