Fixed formula method

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Venkat
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Fixed formula method

Postby Venkat Mon Aug 18, 2014 9:01 pm

Hi Saket,

Could you please elaborate the term 'Fixed Formula Method'. I am not getting the real meaning of it.

Thx,
Venkat
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saket
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Re: Fixed formula method

Postby saket Tue Aug 19, 2014 5:20 am

In EVM implementation , calculating EV is real challenge , since we need to understand how to mark work package or activity completion %. The Fixed Formula method suggest give one % completion as activity comes in process (mean starts) and rest % completion assign it once it complete.

So if i have activity A, as it gets in progress i take it say 50% complete, and it remain 50% till it finishes.

Here is how PMBOK Glossary explains it.

Fixed Formula Method. An earned value method for assigning a specified percentage of budget value for a
work package to the start milestone of the work package with the remaining budget value percentage assigned
when the work package is complete.
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Venkat
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Re: Fixed formula method

Postby Venkat Tue Aug 19, 2014 8:34 am

It's clear now, Thanks Saket

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