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	<title>PMServicesNW &#187; earned value management</title>
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	<description>Free project management information and downloads</description>
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		<title>Basic Elements of EVM</title>
		<link>http://www.pmservicesnw.com/2010/12/basic-elements-of-evm/</link>
		<comments>http://www.pmservicesnw.com/2010/12/basic-elements-of-evm/#comments</comments>
		<pubDate>Sat, 11 Dec 2010 21:44:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Earned Value]]></category>
		<category><![CDATA[earned value management]]></category>
		<category><![CDATA[EVM]]></category>

		<guid isPermaLink="false">http://www.pmservicesnw.com/?p=318</guid>
		<description><![CDATA[By: Ray Myers, Jr., PMP The basic elements of Earned Value Management (EVM) are: Planned Value (PV) PV is the planned, budgeted, or estimated cost for the work performed as of a reporting date.  PV is calculated by multiplying the hourly rate times the number of hours planned to accomplish the work. PV = Hourly Rate x Total Hours Planned or Scheduled Actual Cost (AC) AC is the actual cost of the work performed as of a reporting date.  AC is calculated by multiplying the hourly rate times the total hours spent as of the reporting date AC = Hourly Rate x Total Hours Spent Earned Value (EV) EV is method for measuring project performance.  It compares the amount of work that was planned with what was actually accomplished to determine if cost and schedule performance is as planned.  To calculate EV, you must first calculate the %Complete Actual. % Complete Actual = AC / EAC Where EAC = Earned at Completion.  This is the total value of the project. EAC = AC + ETC Where ETC = Estimated to Complete, or how much more it will take to finish the project. EV = AC x % Complete Actual Schedule [...]]]></description>
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		<title>Project EVM Formulas</title>
		<link>http://www.pmservicesnw.com/2010/11/project-evm-formulas/</link>
		<comments>http://www.pmservicesnw.com/2010/11/project-evm-formulas/#comments</comments>
		<pubDate>Fri, 19 Nov 2010 17:45:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Earned Value]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[earned value management]]></category>
		<category><![CDATA[earned value management formulas]]></category>
		<category><![CDATA[EVM]]></category>
		<category><![CDATA[PMI formulas]]></category>
		<category><![CDATA[PMP formulas]]></category>
		<category><![CDATA[project management formulas]]></category>

		<guid isPermaLink="false">http://www.pmservicesnw.com/?p=215</guid>
		<description><![CDATA[By: Ray Myers, Jr., PMP If you haven’t seen or used EVM formulas, you will at some point in your project management career and you will need to know these formulas to pass the PMP examination.  EVM stands for Earned Value Management.  Earned Value is a simple and easy to use method to quickly determine your project status.  Just a few simple calculations will provide useful information regarding your project schedule and budget. EVM begins with accurate information about your project.  Most organizations have internal accounting systems that can provide daily, weekly, or monthly reports showing the cost of your project to-date.  Next, you’ll need to know the dollar value of the most recently completed project milestone, for example, the completion of the project planning milestone is valued at 20% of the total project.  Finally, you’ll need to know the baseline budget of the entire project, that is, the completed project is valued at say $95,000 dollars.  EVM Variables and Formulas PV = Planned Value.  This is the estimated actual cost of the project PV = Hourly Rate x Total Hours Planned or Scheduled AC = Actual Cost.  This is the cost of the project at a reporting date AC [...]]]></description>
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