Posted by: kerrywills | November 12, 2009

An EVA-lution in project monitoring humor


When I took my PMP exam in 2002, the Project Management Body of Knowledge (PMBOK) had introduced the concepts of Earned Value Analysis (EVA).  At the time they used several confusing acronyms to describe the components:

  • Budgeted Cost of Work Performed (BCWP)
  • Budgeted Cost of Work Scheduled (BCWS)
  • Actual Cost of Work Performed (ACWP)

1

It took me a while to understand these terms because I was always used to the classic “earned” and “burned” terms when using EVA. Luckily for all, PMI has since updated the PMBOK with easier concepts to understand such as “actual cost” and “planned value.”

I didn’t want those classic terms that I spent so many hours memorizing to go to waste so in this article I am proposing some new meanings for those terms that the Project Management community can use as they see fit.

BCWP

  • Bombarded with Costs that Weren’t Planned for
  • Business Cards distributed at PM conferences Will Provide e-mails, mail, and phone calls for years to come
  • Bribing Contractors to Work for Pennies
  • Blame Consultants When Problems arise
  • Bring Cookies When Presenting the updated costs

BCWS

  • Bring Cost forecasts to management Without Smiling
  • Ballooning Costs Will Surely be the case
  • Business Customers Wont Sign-off
  • Babbling Consultants Wont Stop talking

ACWP

  • Adding Costs Without Pity
  • All Consultants Will be Persecuted once the invoices are received
  • Any Changes Will be Penalized

Feel free to post comments with other options for the acronyms.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: