The Resilient Project: Combining earned value data and actual work performance to meet your goals

A new addition to the standard PMBOK indexes—the Staffing to Schedule Factor (StSF)—allows the busy project manager to correct course quickly and correctly. The corrected response works on projects as small as a two-week Agile iteration or as large as a two-year DOD contract.

This presentation will discuss:

- Using labor units to talk about value for scope, schedule, and cost

- Updating the project’s status with a 5-minute, stand-up meeting

- The three distinct responses to a troubled project’s status report

- The powerful new Staffing to Schedule Factor (StSF) (and an improved TCPI)

- Connecting simplified assumptions to the real world

- Solving the following problem!

Your client wants the project done on time with full scope and will pay for it. The project plan calls for 100 staff-months of work to be completed by 10 professionals working full-time for 10 months. At the end of 5 months, the original team has worked 50 staff-months and completed 40 staff-months of planned work. How much additional staff do you request for month 6? (Fractional [part-time] staff is allowed and the correct answer is not 2.)

[This program is especially suited to PMP audiences who are familiar with the basic concepts of earned value management, yet find it difficult to use.]

A copy of a handy spreadsheet tool, RESILIENT, will be made available to everyone who participates.