Speaker: Doug Findley
Topic: The Question: To Use Earned Value Management or Not?
Abstract: Earned Value (EV), a project performance metric, has been found to be complicated, elusively impractical, and very difficult to use by those that could most benefit from its use in their project execution.
In my presentation to the group I will introduce the group to the Earned Value Management (EVM) as developed over the years from its beginning in 1967 to the procedural complexities found in the Federal Government required project management tool described in EIA-748-C, formerly ANSI-748C.
I will demonstrate how EVM is used in EPC projects using the traditional Critical Path Scheduling Method (CPM). The group will be given a set of formulas that will help in their understanding of providing project performance metrics from the use of EVM. Terms such as “budgeted cost of the work scheduled”, the “actual cost work performed”, and the “budgeted cost of work performed.” The most important take-away from this EVM demonstration will be an understanding of how two performance indicators, SPI and CPI, provide Key Performance Indicators (KPIs) for the project’s execution.
Lastly, since many of the attendees are not working on EPC type projects and maybe more suitably using “Agile” project management methods, I will present several noted sources on how EVM is combined with the “Agile” processes and can be successfully implement on IT type project. The answer to the question, “To Use Earned Value Management or Not?”, should then be left to those in attendance.
Bio: Doug Findley has 48 years of experience in project controls, project management, and construction management. He also has the following work experience:
- Project / Contract Manager EPC projects
- Subject Matter Expert for project planning, scheduling, and project controls
- Risk Management Professional
- Professor at Clemson University, College of Civil Eng,, Construction Sciences and Management
- Successful as forensic claims consultant
- Project management experience in industrial plant process re-engineering, pharmaceutical expansions, EPA hazardous waste remediation, petrochem construction & turnarounds, both fossil & nuclear outages, coal, gas, and nuclear utility construction projects
- Certified OSHA competent person in excavation and fall protection
- Author of work management and performance measurement software applications
- Currently employed by Work Management Inc., Greensboro, Ga. and assigned as a Senior Consultant to Southern Nuclear Company, in Birmingham
Click here for full bio.
PDU Awarded for Attendance: 1 (Technical PDU)
Date: June 20, 2017
Time: 11:15 am - 12:30 pm (food service begins at 11:15 am and meeting starts at 11:30 am)
Location: Iz the Place
Cost: Lunch (pre-registered)
- $20.00 Members or walk-ins with no meal
- $15.00 Members with no meal
- $25.00 Non-Members or Walk-ins*
- $10.00 Student (with valid ID)
*Walk-ins are welcome. Meals are available to walk-ins on a first come, first served basis. Online registration ends on Friday, June 16.