PMI Keystone Lehigh Valley event - Practical Metrics for Project Control, Optimization and Recovery
PMI Keystone Chapter
Lehigh Valley Branch
Professional Speaker and Networking Event Series
Date: June 15 2023 6.30 – 8PM ONLINE VIRTUAL SESSION
Practical Metrics for Project Control, Optimization and Recovery
Topic : Practical Metrics for Project Control, Optimization and Recovery
Metrics such as Cost Performance Index (CPI) remain one of the best metrics for evaluating project performance. However, it’s usage remains limited in many organizations for a host of reasons. Although the formulas for the elements of Earned Value Management (EVM) are essential knowledge for project managers, practitioners are often puzzled with the usefulness and quality of the results. This presentation will focus on the practical aspects of applying EVM using both costs and labor effort along with other techniques such as milestone trend analysis and critical path drag. With the growing focus on benefits management, we will also discuss adding a true “value” metric to project control techniques to capture the impact of project schedule, cost or scope performance on the expected program benefits.
- Project control -
- Earned value metrics (cost and labor effort based)
- Critical Ratio
- Milestone Trend Analysis
- Business case for optimization or recovery – the value of time
- Project value recovery/optimization – Critical path drag
- Examples in practice/ case studies
- Discussion and questions
Presenter : Joe Sopko, PMP, MSP, P3O
Joe Sopko, PMP, MSP, P3O is the Director, Program Management Office at Teledyne Judson Technologies and a joint recipient of the 2013 Shingo Prize Research Award as a contributing author to The Guide to Lean Enablers for Managing Engineering Programs. Throughout his career, Joe has had considerable involvement in organizational project management maturity, PMO development, program management, and business improvement initiatives in a wide range of industries globally including Siemens, Lucent Technologies, and US Navy. He has been an active participant and core team member in the development, review and practical application of project, program and portfolio standards for PMI, ISO, and the UK Cabinet Office.
LinkedIn profile: https://www.linkedin.com/in/jsopko/
Location : ONLINE VIRTUAL SESSION (ONCE YOU REGISTER, YOU WILL GET EVENT LINK VIA EMAIL FOR SECURITY PURPOSE)
CREDITS : Attendees must enter the 1 PDU for the monthly meetings into the CCRS system. PDUs for monthly meetings do not get updated automatically for attendees.