AACE Great Lakes Section
October 2021 AACE Meeting
Earned Value: Lessons from the Trenches
Presenter: Matthew Schoenhardt, P.Eng, MBA, PMP, RMP
Date: October 20th, 2021
Time: 6:45 to 7:15 pm – Login, Chat, Networking
7:15 pm to 8:15 - Program
Cost: $0 for Program
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Presentation and Speaker Info
Earned Value: Lessons from the Trenches
Presenter: Matthew Schoenhardt, P.Eng, MBA, PMP, RMP
Matthew Schoenhardt has implemented earned value on scores of projects, the largest being $1.2B, and will share some lessons from the trenches.
Earned value is a proven effective method of project controls to properly track the cost and schedule performance of your capital project. While foundational, many still do not know how to use earned value. In the first part of the presentation we will quickly review the basics of implementing, calculating and interpreting earned value. From that foundation we move on to more interesting aspects.
When does earned value lie?
How do we treat contingency, float and change orders?
The politics of changing your forecast!
And two issues not covered by tradition EVA instruction – application of statistical process control on EVA and Matthew’s personal invention, the “Performance Bracket”: knowing when to call BS on someone’s EVA forecast.
Speaker:
Matthew Schoenhardt, P.Eng, MBA, PMP, RMP
Matthew has over 20 years of project experience covering a broad range of industries including manufacturing, heavy industry, food processing, infrastructure with a particular focus on the oil and gas industry. A big picture thinker with an intrinsic desire for logical, efficient processes, Matthew approaches projects from a business perspective with a clear understanding of the profit motive. With the mantra “predictability is better than perfection” Matthew has streamlined processes and developed coherent stage-gate processes. His natural affinity for numbers has allowed the creation of world-class models. In these, Matthew’s curiosity naturally led to a desire for better uncertainty, risk and contingency assessments. After completing over $100B of assessments on hundreds of projects, Matthew is familiar with all methods of risk management. As an expert in the field, Matthew is one of North America’s foremost practitioners of the parametric/systemic approach and published several papers on capital project risk management. Despite his logical quantitative bent, Matthew is both effusive and engaging in demeanor and was ranked as the #1 overall speaker at AACE 2016.