First thanks for your interests. Softwares that we use for Earned value Analysis use basic math and basic formulas for estimation. Its easy to see current estimtion methods are unreliable and useless. Ofcourse I know what is Eaned Value and what Earned Value is not. I was waiting different ideas but anyway thanks again
Ill inform you about progress.
Member for
18 years 6 months
Member for18 years6 months
Submitted by Oliver Melling on Wed, 2007-05-30 10:03
EVM is definately a topic that you could cover in a doctorate thesis.
For instance, the application and suitability of its use in different industries is one area that could be explored, as is the testing of its limitations and possible areas for improvement, such as introducing earned schedule methodology.
However, the fact that someone is doing a doctorate on EV and doesnt know about things such as EAC and TCPI is suspect.
Isnt it still a guess multiplied by a guess ?
Even quantum physics and the theory of relativity are guesses based upon guesses.
Member for
23 years
Member for23 years
Submitted by Steven Oliver on Wed, 2007-05-30 05:22
Member for
20 years 3 monthsRE: Forecasting methods studies in Earned Value Analysis
First thanks for your interests. Softwares that we use for Earned value Analysis use basic math and basic formulas for estimation. Its easy to see current estimtion methods are unreliable and useless. Ofcourse I know what is Eaned Value and what Earned Value is not. I was waiting different ideas but anyway thanks again
Ill inform you about progress.
Member for
18 years 6 monthsRE: Forecasting methods studies in Earned Value Analysis
EVM is definately a topic that you could cover in a doctorate thesis.
For instance, the application and suitability of its use in different industries is one area that could be explored, as is the testing of its limitations and possible areas for improvement, such as introducing earned schedule methodology.
However, the fact that someone is doing a doctorate on EV and doesnt know about things such as EAC and TCPI is suspect.
Isnt it still a guess multiplied by a guess ?
Even quantum physics and the theory of relativity are guesses based upon guesses.
Member for
23 yearsRE: Forecasting methods studies in Earned Value Analysis
I find it incredible that someone claiming to be
"studing Earned Value Management in my doctorate thesis ", should be asking such a basic question.
Further, since when did EV become such a science that it necessitates a doctorate thesis?.
Isnt it still a guess multiplied by a guess ?
Member for
18 years 5 monthsRE: Forecasting methods studies in Earned Value Analysis
On PMIs website (www.pmi.org) book on earned value analysis is available.
This is one of the best book I have ever read on earned value analysis. But, you need to purchase the same.
It covers basic elements, EVm performance Analysis and Forecasting, gives guidance for use of key EVM practices.
Cheers,
Raviraj A Bhedase
Member for
19 years 7 monthsRE: Forecasting methods studies in Earned Value Analysis
Hi ersin,
Take a look at this file:
http://www.planningengineers.org/publications/papers_download.aspx?id=8
Regards,
Karim
Member for
18 years 8 monthsRE: Forecasting methods studies in Earned Value Analysis
Here are some others to get you started
Im quite sure there will be heaps more offered soon
EV Formula
Schedule Variance Dollarised, SV$ = BCWP - BCWS
Schedule Variance Percent, SV% = SV$/BCW S* 100%
Cost Variance Dollarised, CV$ = BCWP – ACWP
Cost Variance Percent, CV% = CV$/BCWP * 100%
Percent Complete, %C = BCWP/BAC * 100
Schedule Performance Index, SPI = BCWP/BCWS
Cost Performance Index, CPI = BCWP/ACWP
To Complete Perf Index, TCPI = (BAC-BCWP) / (EAC-ACWP)
Estimate at Complete EAC = ACWP + ETC