| November - December 2011 |
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A giant of project management, Eric Jenett, passed away October 20, 2011 in Houston, Texas. Mr. Jenett was one of the co-founders of the Project Management Institute, the global organization for project managers. A wonderful tribute to Mr. Jenett, written by David Pells, was published in the December issue of Project Management World Today (http://www.pmworldtoday.net/in_tribute/2011/dec/Eric-Jenett.html). The tribute is available from this site as a link from the News page. It is highly recommended to read about the impact on project management made by Mr. Jenett. Many of us stand now upon the foundation he had great influence in building. |
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In the July-October News update, mention was made of the newly published 2nd edition of the PMI EVM Practice Standard. Appropriately, due to the significance of the document, further announcement has been suggested by one of the authors, Kym Henderson, as follows:
PMI EVM Practice Standard 2nd Edition
The PMI EVM Practice Standard, 2nd edition, has been released October 2011 by PMI at the Global PMI Congress held in Dallas, Texas.
Hardcopy versions of the 2nd edition are available online for purchase from PMI at
http://marketplace.pmi.org/Pages/default.aspx?Category=EarnedValue
An online "read only" .PDF version has been posted in the members only area of the PMI website. It is located under the Guides and Standards and then Library of PMI Global Standards menu options after logging on.
The new standard provides a much more comprehensive coverage of EVM than the first edition and includes a series of new Appendices. Appendix D, "Schedule Analysis Using EVM Data" includes coverage of Earned Schedule (up to and including the "P" factor measure of schedule adherence) which is expected to increase global interest and uptake of the method. |
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As reported in an earlier News update, the Japanese translation of the Earned Schedule book by Kotaro Mizuno was recently published. Contact has been made for the creation of three additional language translations: Spanish, Portuguese, and Chinese. Work has begun researching a publisher for these projects. Stay tuned for the availability of these translated versions. |
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The third annual Europe EVM conference was held 23-24 November, 2011 in Valencia, Spain. Walt Lipke made two presentations, “Earned Schedule Application to Project Management” and “Why Should CPI = 1?” Although the second presentation concentrates on cost, connection to schedule is made, as well. One of Dr. Mario Vanhoucke’s graduate students, Mathieu Wauters, from the University of Ghent made a presentation of his research involving Earned Schedule, “A Forecasting Study to Predict EAC(t).” These presentations are made available on the Presentations page. |
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Added to the ES Book link is an area describing the errata discovered to the present date. The findings from the paperback are in general very minor. However, an appalling discovery was made for the e-book versions. The statistical equations in Chapter 12 were not converted accurately. Action has been initiated with the publisher to make corrections. Although a corrected e-book version will be published, there is, unfortunately, no avenue to correct the e-books purchased. To ease the problem for those that have the e-book, a link is available for downloading the pdf file of Chapter 12. |
| July - October 2011 |
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PMI has published its 2nd edition of the EVM Practice Standard. The release was made at the recent PMI Global Congress held 22-25 October in Dallas, Texas. The standard contains the appendix, “Schedule Analysis Using EVM Data.” A considerable portion of the appendix is devoted to the Earned Schedule methods. The practice standard is available for purchase from the PMI Marketplace, http://marketplace.pmi.org/Pages/ProductDetail.aspx?GMProduct=00101262001. |
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Dr. Mario Vanhoucke, Ghent University, recently was awarded research funding in excess of one million Euro from the Flemish government for his proposal, “Searching for static and dynamic project drivers to predict and control the impact of management/contingency reserve on project’s success.” For more information: research project. |
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Two publications and a presentation were forwarded to me by Stephan Vandevoorde for posting onto the website. The presentation, “A Neat Solution for the EVM Schedule Problem,” is by Bill Locke and was made to the PMI Washington DC Chapter ( Fair Lakes ). The two publications are “Project Performance Reporting and Prediction: Extensions of Earned Value Management” (Czarnigowska, Jaskowski, and Biruk) and “Analysis of Project Performance of a Real Case Study and Assessment of Earned Value and Earned Schedule Techniques for the Prediction of Project Completion Date” (Tzaveas, Katsavounis, and Kalfakakou). These papers were authored by professors from universities in Poland and Greece . |
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Mr. Lipke published two articles in PM World Today. The article, “Schedule Adherence and Rework,” was published in the July issue, while “Further Study of the Normality of CPI and SPI(t)” appeared in the October issue. The articles are downloadable from the Papers page and are also available at www.pmworldtoday.net. |
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Mr. Lipke had two papers published in The Measurable News (2011, Issue 2). All of the papers are made available on the Papers page, but may also be accessed through the link provided, http://www.pmi-cpm.org/pages/measurable_news/5.00.measurable_news.html . The papers are:
1) “Why Should CPI = 1?”
2) “Earned Schedule Application to Small Projects” |
| April - June 2011 |
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The Papers and Presentations pages have been altered to make the material contained on the website more accessible. Previously the material was ordered simply by its date, most recent to oldest. The material is now ordered alphabetically by author names. Then, beneath each name, the author’s material is ordered beginning with most recent, scrolling down to the oldest entry. |
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Kotaro Mizuno has obtained the internet domain name “earnedschedule-japan” and is preparing to launch a site intended to provide earned schedule materials in the Japanese language. |
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Mr. Mizuno has translated the Earned Schedule book to Japanese. The book has been published and is available for purchase at Amazon-Japan.com. The book is identified using the ISBN 9784990587109. |
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Mick Higgins, a UK consultant knowledgeable of ES, has recently launched his own business. His revised communication and company information has been updated on the Contacts link. |
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The article, “Earned Schedule, Schedule performance analysis from EVM measures,” published by PM World Today (Jan 2011), was recently translated into Portuguese by Brazilian, Paulo Andre’ de Andrade. The translated article, “Prazo Agregado,” is available on Mr. Andrade’s website, www.techisa.srv.br. He has graciously allowed the posting of the Portuguese language article on the Papers page of this website. |
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Thomas Reichner of Keylogic Systems, Inc. is preparing to introduce the National Energy Technology Laboratory to Earned Schedule (ES). He has indicated, as well, that he is working to include ES into published guidanceof a UK professional group. |
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Permission has been granted to Dr. Jeffery Pinto, Penn State School of Business, for the use of Earned Schedule materials in the text book he is preparing, Project Management: Achieving Competitive Advantage. The availability of the text book is expected for January 2012. Its publication will be identified in a future news update. |
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Kym Henderson, Research and Standards Lead for the PMI EVM Community of Practice, presented “An Overview of Earned Value Management Research” at the EVM World conference held May 16-18 in Naples, Florida. His presentation was very informative concerning recent advances in ES theory. Mr. Henderson’s presentation is available via a link on the Presentation’s page. |
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Walt Lipke presented “Schedule Adherence and Rework” at the EVM World Conference. The corrected presentation is available for download from the Presentations page. Likewise, a revised calculator, “SA Index & Rework Calculator v2,” has been posted to the Calculators page. |
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Mr. Lipke had two papers published in 2011 Issue 1 of The Measurable News (http://www.pmi-cpm.org/pages/measurable_news/5.00.measurable_news.html). Both of the papers are made available on the Papers page, but may also be accessed through the link provided above. The papers are:
1) “Is Something Missing from Project Management?”
2) “Schedule Adherence and Rework” (Note – the version posted on the Papers page has been corrected to correspond to the presentation above.) |
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Mr. Lipke’s article, “Earned Schedule Application to Small Projects,” was published in the April 2011 issue of PM World Today. The article is downloadable from the Papers page and is also available at www.pmworldtoday.net. |
| January - March 2011 |
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David Fox a project manager and Master of Engineering student at the University of Technology Sydney (Australia) has provided a presentation he made as a guest lecture at the university in May 2010. Mr. Fox has applied ES in his work with intent for inclusion in his degree research. |
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Kotaro Mizuno has provided information that he is preparing to translate and publish the Earned Schedule book into the Japanese language. His effort and the availability of the translated book will be provided in future updates. |
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Walt Lipke has published three papers, which are available from the PM World Today website, http://www.pmworldtoday.net/. Their pdf files are available for download from the Papers page. The papers are:
1) “Is Something Missing from Project Management?,” December 2010 (Vol XII, Issue XII)
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“Earned Schedule – schedule performance analysis from EVM measures,” January 2011 (Vol XIII, Issue I)
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“Why Should CPI = 1?,” March 2011 (Vol XIII, Issue III) |
