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Title: Earned Value Project Management, Second Edition by Quentin W. Fleming, Joel M. Koppelman ISBN: 1-880410-27-3 Publisher: Project Management Institute Pub. Date: June, 2000 Format: Paperback Volumes: 1 List Price(USD): $34.95 |
Average Customer Rating: 3.73 (11 reviews)
Rating: 5
Summary: Earned Value Mgmt is finally made available to the masses.
Comment: Quentin and Joel have finally put this little known but historic
managment tool in the hands of project managers everywhere.
The authors have taken the time to strip away the traditional
jargon associated with EVM (Earned Value Mgmt), and have put
it in a context immediately useful to a wide range of projects.
The techniques they have covered should help managers manage
more effectively by giving them the tools to know where the
real project problems are, predict future performance, and make
hard decisions with factual data.
Ray Stratton,
President,
Management Technologies,
Brea, CA
Rating: 5
Summary: Application of Earned Value can avoid legal problems.
Comment: As explained in Chapter 12, applying Earned Value concepts on projects in a publicly traded company may avoid legal problems surrounding accurate reporting of the financial situation of a company. This is because most projects if not completed could result in inaccurate financial reporting for a publicly traded company (if some form of performance measurement wasn't used while the project was in progress). It is interesting that this book was written before the accounting scandals of 2001-2002 and one of the few books that addresses this aspect. I don't know how much of the accounting scandals involved projects but I wouldn't be surprised if the SEC starts imposing stricter rules on the financial reporting surrounding projects in the future.
This book is an excellent treatise on how to measure project performance from both a cost and schedule perspective. This is what Earned Valued Analysis is all about. The book never gets too complicated and is easy to follow the whole way (200 pages). A word of caution - this may be too much material to digest if you are trying to prepare for the PMP. Rita Mulcahy's PMP Exam Prep has enough information on Earned Value Analysis that will easily help you get through that section on the PMP exam. But as soon as you obtain your PMP certification, I would highly recommend making the mastery of the material in this book your next goal. The real payoff in applying the project management principles comes when you are able to measure the project performance on top of controlling project performance and presenting the results to your project sponsors.
By the way, the concepts involved in Earned Value Analysis are extremely simple. It is amazing that so much control over your project can be attained by paying attention to the simple concepts of Earned Value, Planned Value, Actual Cost, and the related concepts of CPI and SPI. After setting up the project baseline to calculate these variables on a frequent basis, you are ready to control and predict the future of the project.
The first four chapters of the book go into the overall concepts and the history of Earned Value. Chapters 5-10 address how to set up your project for fully utilizing the power of the Earned Value concepts - all the way from setting up the scope of the project to forecasting. Chapter 11 discusses how the concepts apply to the private sector and Chapter 12 deals with the legal implications.
The authors are related to Primavera Systems (the leading provider of Project Management Software for the Engineering & Construction industries) either as CEO or consultant to Primavera. PMI used to recommend this as required reading to prepare for the PMP exam but I am not sure if they still do. In either case, I don't believe it is required reading. I tried to read it before the PMP exam and I couldn't digest the material because there was too much on my mind already. But now that I have passed the PMP exam, I have thoroughly enjoyed learning the concepts and applying them to my current projects.
I hope everyone masters this subject and more projects in the world would end up successful. Good luck!
Rating: 4
Summary: Just Enough
Comment: Earned Value Project Management provides project managers with "just enough" to understand and begin using earned value analysis on projects. Koppelman and Fleming have distilled a complex and often intimidating subject and have made it immediately applicable to projects in any industry. I use this book to explain EVM concepts to my students and find it an invaluable tool in my own work as a project manager.
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Title: Project and Program Risk Management: A Guide to Managing Project Risks and Opportunities by R. Max Wideman ISBN: 1880410060 Publisher: Project Management Institute Pub. Date: May, 1992 List Price(USD): $32.95 |
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Title: Project Management Institute Practice Standard for Work Breakdown Structures by Project Management Institute ISBN: 1880410818 Publisher: Project Management Institute Pub. Date: October, 2001 List Price(USD): $25.95 |
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Title: A Guide to the Project Management Body of Knowledge (PMBOK Guide) -- 2000 Edition by Project Management Institute ISBN: 1880410230 Publisher: Project Management Institute Pub. Date: January, 2001 List Price(USD): $35.95 |
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Title: Human Resource Skills for the Project Manager: The Human Aspects of Project Management, Volume 2 by Vijay K. Verma, Hans J. Thamhain ISBN: 1880410419 Publisher: Project Management Institute Pub. Date: June, 1996 List Price(USD): $32.95 |
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Title: PMP Exam Prep (4th Edition) by Rita Mulcahy ISBN: 0971164738 Publisher: RMC Publishing, Inc. Pub. Date: 01 October, 2002 List Price(USD): $89.00 |
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