Pinnacle Insights

This article was originally published on the Deltek website on 09/11/2024. It has been re-published with permission.

Earned Value Management (EVM) is a powerful project management technique that integrates project scope, time and cost data to assess project performance and progress. One of the critical components of EVM is the establishment of earned value reporting thresholds, which serve as indicators for when corrective measures are necessary. This blog will delve into the concept of earned value reporting thresholds, explore how they are established and highlight the importance of considering both the time dimension and the significance of project activities.

We are incredibly excited to share the news that Pinnacle is marking a momentous occasion this year - our 30th anniversary.

Warrenton, VA – June 5^th, 2023 – Pinnacle Management Systems, Inc., a leader in program and project management consulting and training services, announced today that Robert Jennings will be joining the organization in the role of Practice Leader for its Integrated Program Management (IPM) services.  

McLean, VA (June 8, 2022) – Network Designs Inc. (NDi) announces a $32 Million contract was awarded by the Federal Aviation Administration (FAA) for the Regulation and Certification Infrastructure for System Safety (RCISS) and FAA Critical Infrastructure for System Safety (FCISS) strategic initiatives of the FAA’s Capital Investment Programs (CIPs).

Projects play a critical role in the progress of a company. Their success can facilitate entry into new markets, implement cutting edge technologies, or activate long awaited operational assets. Conversely, their failure can stifle progress, aggravate timelines, disrupt strategies, or herald a firm’s disappearance altogether.  

Custom Hooks are a Deltek Cobra feature that allow you to do some custom manipulation of data during various processes that Deltek Cobra runs. Custom hooks can be built using Visual FoxPro scripts or compiled procedures, Visual Basic or C# executables. Visual FoxPro is nearing the end of its lifecycle so organizations with Custom Hooks built using Visual FoxPro should consider re-implementing them in Visual Basic or C#.

We’ve recently been working with an Aerospace contractor who manages their project schedules using Oracle Primavera P6. On one of their programs, their customer must be provided with a copy of the P6 schedule in Microsoft Project native mpp format each month. To do this, we have assisted the contractor in setting up a monthly process for conversion and validation of the P6 schedule into the mpp format.

Much has been written about how complicated and difficult Earned Value Management (EVM) can be, and a term that has grown in popularity in response to this perception is “EVM Lite.” One of the problems with the term “EVM Lite” is that it suggests a version of EVM that is incomplete in some way.