Explain earned value management concepts

Assignment Help Project Management
Reference no: EM133646954

Assignment:

Earned Value (EV) is the value of work actually performed and is referred to as budgeted cost of work performed (BCWP). As a Project Manager, you have to understand EV Management (EVM) and, often, you are called upon to explain EVM concepts. For this assignment, walk your audience (your organizational management) through what EVM is and how it measures the success or failure of your project.

Use MS PowerPoint to build a slide deck that explains Earned Value Management as if you are explaining it to your organization's management.

The presentation should contain 10 to 12 slides.

Include a cover page as your first slide.

Include a reference list, with at least one reference, as your last slide.

Avoid putting too much detail on each slide. Slides that are too busy are hard to read.

Add pictures, graphs, and clip art to enhance the presentation.

Here are some hints and suggestions for creating your slide presentation:

First and foremost, know your audience. Based on the assignment, you will be explaining a specific topic. You can assume that your audience is not very familiar with this topic. However, you can also assume they are knowledgeable on similar Project Management topics.

They may be your peers, your supervisor, or even your customer.

Select a single sans-serif font, such as Arial or Helvetica. Avoid serif fonts such as Times New Roman or Palatino. These fonts can be more difficult to read. Use no font size smaller than 24 points, and use the same font for all your headlines. Select a font for body copy and other headlines. Use bold and different sizes of those fonts for captions and subheadings. Add a fourth font for page numbers. As a good rule of thumb, do not use more than four fonts in any one slide deck. Note: Be sure to put your page number in the same place on every page. The cover page does not need a page number.

Your slides have to be consumable. They have to provide as much information in as little space as possible. You will need to simplify and limit the number of words on each slide. Use key phrases and include only essential information.

As directed in the instructions, make your slides colorful; however, they must also be tasteful and professional. For example, when presenting to a board of directors, you would not use neon colors to address or discuss corporate finances. Use contrasting colors for text and background. Light text on a dark background works best. Patterned backgrounds can reduce the readability of text.

Limit punctuation and avoid putting words in all capital letters. Empty spaces on the slide will enhance readability.

Avoid the use of flashy transitions such as text fly-ins. These features may seem impressive at first, but they are distracting and get old quickly!

Use good-quality images that reinforce and complement your message. Ensure that your image maintains its impact and resolution when projected on a larger screen.

For emphasis, use different colors, sizes, and styles (like bold, etc.). Avoid italicized fonts. They can be difficult to read.

Remember, slides are a poor medium for detail and reading. Avoid paragraphs, quotations, and even complete sentences. Limit your slides to five lines of text with no more than 6 to 8 words. Use words and phrases to make your points. Also, do not include periods at the end of lines within bulleted lists.

Include at least 2 of the following references:

Read:

Successful Project Management (7th Edition), Gido, Clements, Baker

Chapter Seven (Determining Costs, Budget, and Earned Value)

Top 6 Software Development Methodologies, M. Majewski, March 2019

Watch:

How to Create a Project Budget - Project Management Training, ProjectManager, January 2017

Earned value analysis worked example, Engineer4Free, February 2015

Reference no: EM133646954

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