Project Portfolio Scorecard in EVM

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Project Portfolio Scorecard in EVM
Jose Daniel Esterkin, CEO, Argentina, Premium Member
Let us suppose you are managing a portfolio of projects in an IT department of a Bank. Many IT departments like this have literally hundreds of projects. How could you know the real status of each project in the portfolio? The best way would be to build a Portfolio Scorecard with two street lights (red, yellow, green) for every project, describing how the project is doing in terms of Time and Budget. A good practice is to collect the values of the four basic variables in EVM (BAC, PV, EV, AC) for all projects in the project portfolio at the end of the month. BAC = Budget at Completion, the total budget of the project. PV = Planned Value, the sum of all planned taks until today. EV = Earned Value, the degree of progress in every deliverable until today. AC = Actual Cost, how much have we spent un the porject until today. Then, with these four variables, we could build CPI, SPI, EAC and other EVM indicators. CPI = Cost Performace Index = EV / AC. SPI = Schedule Performace Index (...) Read more? Sign up for free

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Earned Value Management
Summary
Forum
Earned Value Management (EVM) in Agile Projects
Project Portfolio Scorecard in EVM
🔥Tips to Improve the Productivity in your Project
Best Practices
🥇What is Earned Value Management? Definition of EVM
🥈EVM Implementation in Construction
🥉EVM in Fixed Price Software Projects
When is an Asset over / under cost?
Earned Value Management is Like a Speedometer
Adjusting the BCWS in Earned Value Methods X%/Y%
EVM Problem: Project Scope Change
EVM Baseline Cost When Moving a Task to Another Calendar Year
Project Management Finance


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