Page 1 of 1

Hangout on 20th Dec , Friday

Posted: Wed Dec 11, 2013 3:53 pm
by saket
Friends,

Please suggest topic for our next PMP Open Hangout....

Regards,
Saket

Re: Hangout on 20th Dec , Friday

Posted: Wed Dec 11, 2013 5:52 pm
by kshitij_y
Topic 1) All Mathemetic Question
Topic 2) All Open Questions + You can suggest on how to solve wordy Questions and other tips?
Topic *3) One Case Study on based of All Knowledge Area/Processes , Which will clear all concept of PMP.

Re: Hangout on 20th Dec , Friday

Posted: Thu Dec 12, 2013 1:36 am
by saket
Thanks for suggestion... we also need to manage time limit of one hour.... lets collect more ideas... and we close.

Re: Hangout on 20th Dec , Friday

Posted: Thu Dec 12, 2013 8:18 am
by saket
we are planning session on EVM questions... we recommend watching this video twice before this session :)

http://www.youtube.com/watch?v=pC1-TwwKkq8

post some of the interesting questions on EVM here which we can discuss during hangout.

Re: Hangout on 20th Dec , Friday

Posted: Fri Dec 13, 2013 2:09 am
by coolnenapirali
Hello Sir,

I had some queries on EVM.

1. TCPI formula and EAC formula.
- One variant on EAC is EAC = AC + [(BAC-EV)/(CPI*SPI)]
- Both TCPI and EAC (formula above) are driven by remaining work. How to differentiate when to use which formula.

2. ETC has 3 variants. When to use which formula.
- ETC = AC - EAC
- ETC = BAC - EV
- ETC = (BAC - EV)/CPI

Re: Hangout on 20th Dec , Friday

Posted: Mon Dec 16, 2013 7:51 am
by uma
You can also plan for Quality Management Hangout.

EVM - Different views of EAC

Posted: Thu Dec 19, 2013 4:43 am
by namita
There is always a confusion on different formulae for EAC and ETC calculation in different scenarios e.g. typical, atypical, fundamentally flawed estimate etc. can you please cover this in todays session? .

Re: Hangout on 20th Dec , Friday

Posted: Fri Dec 20, 2013 4:06 am
by hi2shrads
Let's say I am software development company and I have following tasks
Requirement Gathering - planned 4 days - but consultant spent - 5 days because of more discussions were happening etc.
Creating Functional Requirement documentation and MOM's etc. - planned 3 days - but consultant completed in 2 days
Technical team Development and Testing - planned 20 days - but team ended up spending 40 days

Company charges - Per day developer rate is $500 and considering only 1 resource working on all tasks.
How would we do EVM at the end of Development and Testing.

PV = 4 days * 500 +3* 500+20 *500 = 2000+1500+10000 = 13500
EV =
AC =

Am I getting confused in calculating EV and AC ..wouldn't that be coming same.?

Re: Hangout on 20th Dec , Friday

Posted: Fri Dec 20, 2013 4:09 am
by hi2shrads
In the same example after calculating all parameters
Let's say I am software development company and I have following tasks
Requirement Gathering - planned 4 days - but consultant spent - 5 days because of more discussions were happening etc.
Creating Functional Requirement documentation and MOM's etc. - planned 3 days - but consultant completed in 2 days
Technical team Development and Testing - planned 20 days - but team ended up spending 40 days

Company charges - Per day developer rate is $500 and considering only 1 resource working on all tasks.
How would we do EVM at the end of Development and Testing.

PV = 4 days * 500 +3* 500+20 *500 = 2000+1500+10000 = 13500
EV =
AC =

if there are upcoming tasks which are like below how would we forecast how much we are going to spent and how much time it will be taking?
Data migration activity - planned for 4 days
UAT planned for 3 days
Training planned for 2 days
Go-live setup planned for 2 days

Re: Hangout on 20th Dec , Friday

Posted: Fri Dec 20, 2013 7:09 am
by saket
Good Point ... EV at the end of the project is alway BAC or equals the panned value.... since project is ended now...whatever you planned for is done...so you have earned all the value...

The Actual cost in such cases is the money we spend in the project.... will discuss it in evening...this is a good point.

Re: Hangout on 20th Dec , Friday

Posted: Fri Dec 20, 2013 3:14 pm
by jnitesh3
Can you include a session on Critical Path method and critical chain method and also explain their differences and its applications from an IT project perspective.