Linking Cost Estimating with Earned Value Management (EVM)

Linking Cost Estimating with Earned Value Management (EVM)


Neil F. Albert

Vice Chairman

PMIWDC Non-Member Rate

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Event Location

Department of Agriculture, Cafeteria Conference Room (Wing 2 Entrance)
12th and Independence Ave, S.W.
Washington, DC,

This presentation provides a discussion of the issues facing analysts in estimating and analyzing major acquisition programs. Specifically it will highlight the problems in projecting potential cost and schedule overruns and how better cost estimating and use of earned value management (EVM) can help better prediction of results. The presentation will discuss the requirement programs have to use cost estimating and EVM but also how these functions are stovepiped and rarely interact. The discussion will address how the stovepipe problem causes analytical problems and therefore how cost estimators and EVM analysts can work together to provide better program analysis by using the same data and together create a better means for evaluating and predicting risk.

Special Instructions: 

The M2D2 Event is free of charge and open to all interested PMs. Preregistration is required. Metro Accessible via Smithsonian Station Photo ID is required to enter the facility

PDUs Available: 
1.00 PDUs for Certified PMs

About the Speaker

Neil F. Albert

Vice Chairman

Neil F. Albert is President/CEO of NFA Consulting, LLC a consulting firm supporting the Department of Defense (DoD), other Federal Agencies, and industry in strategic planning, cost estimating and analysis, program management, acquisition support, project performance measurement, cost and risk analysis. Prior, for 18 years, Neil was the President/CEO of MCR, LLC a company providing cost estimating, acquisition and program management. He has supported the Department of Energy, Corps of Engineers, Federal Aviation Administration, Department of Transportation, Department of Homeland Security, NASA, and DOD.

Mr. Albert has been the principal author for the Department of Defense’s Military Standard on Work Breakdown Structures (MIL-STD 881: Work Breakdown Structures for Defense Materiel Items Standard Practice). He was a primary contributor to the WBS Standard for the Department of Energy, the Project Management Institute’s (PMI) Work Breakdown Structure Practice Standard and Practice Standard for Earned Value Management.

About the M2D2 Monthly Downtown DC Meetings

PMIWDC holds a free monthly brown bag meeting at the US Department of Agriculture. These meetings are free, and open to the public, but preregistration is required.

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