Events

2011-03-16 Earned Value Innovations for Monitoring Projects (C166-P113160)

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Category: Luncheon Meeting
Written by Programs Director
Headshot of Ken Smith

Wednesday, March 16, 2011 11:30 AM - 1:00 PM
The Plaza Club (Location, Map, Dress)

Register Online before 03/14/2011 @ 8:00 PM HST  OR email your response to Roy T. Uemura, Program Director at mailto: This email address is being protected from spambots. You need JavaScript enabled to view it. . If you registering via email, pay at the door - Cash or checks only NO credit cards accepted. Please email the Program Director no later than 4:00PM HST on 03/14/2011 if you need to cancel. 

Program: “Earned Value Innovations for Monitoring Projects”
PDU Info: Session #C166-P113160. PMPs earn 1 PDU in new Category A

Ken Smith, PMP
Project Management Consultant

Synopsis:
Title of Presentation:  Earned Value Innovations for Monitoring Projects
Earned Value is a “best practice” technique for monitoring projects.  However, all too often it has been presented as a complex system with multiple formulas & ratios for performance measurement that leaves many bewildered. 


I did some research and developed three innovations to simplify EV understanding and ease of application.

  1. An S-Curve Transform that displays Cost vs. Work – i.e. an Earned Value S-Curve
  2. A 13 point Project Performance Index (PPI) & “Traffic Light System” (i.e. 6 Good conditions/green; 4 Mixed/yellow; & 3 Bad/red)that reflects every possible status combination of the “triple threat” (time, cost & technical performance)
  3. Software that computes the status of all 18 of the standard EV indicators from the four basic drivers, and displays the PPI, Traffic Light Status, a quadra-graph and one page Executive Summary.

[Ken uses this information and software in his seminars teaching earned value; and the software is also available for sale.]
 

Guest Speaker:
Ken Smith is a certified project management professional (PMP) with over 40 years experience designing, scheduling, implementing, monitoring & evaluating social and economic development projects in many countries and technical sectors, and teaching -- funded primarily by the US Agency for International Development (USAID), the World Bank group, UN agencies, the African Development Bank, and the Asian Development Bank (ADB). 


Formerly a senior project manager, management systems advisor and employee development officer for USAID, Ken has supervised individual projects and program portfolios in various technical sectors; established project management offices, and trained managers, agency personnel as well as contractors and NGOs of many countries to monitor and evaluate projects.  Ken provides on-the-job technical assistance in designing, supervision and analysis of projects using statistical surveys, as well as HQ-level program portfolio assessments.

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