Why EVM is a valuable project management tool

Why EVM is a valuable project management tool


Chris Fostel

PMIWDC Non-Member Rate

This page is from a past PMIWDC event.

If this is not what you were looking for, visit the Washington Circle Luncheons page to find out about upcoming events, or read more about why PMIWDC does not delete these pages.

Event Location

RTKL Associates Inc.
2101 L Street NW,
Suite 200 Washington, DC, 20037

Agenda and Cost:

11:30am - Networking
12:00 through 1:00pm - Presentation

This luncheon is free and open to the public. Advance registration is required to attend.

Ask anyone who has just finished their first introduction to Earned Value Management (EVM) class, “Why would you want to use earned value?” The answer is invariably, “Because it is required on my contract.” This leads to the follow up question, “Why do you think it is required?” The answer will be, “I don’t know.” Not understanding why earned value exists is a major impediment to using EVM on projects, compliance with EIA 748, or convincing others to use it. At the end of this presentation attendees will be able to describe in 15 minutes or less who created EVM, when, where, how and why. This presentation answers why EVM is a valuable project management tool that is easy to use and appropriate for any size project from minor home renovations to massive Government contracts.
Special Instructions: 
  • Closest metro stop: Foggy Bottom
  • Garage Parking $16.00
  • Meter parking is available
  • Photo ID is required
PDUs Available: 
1.00 PDUs for Certified PMs

About the Speaker

Chris Fostel

Mr. Fostel first learned Earned Value Management in a commercial context before learning of DOD 7000.2 or EIA 748. His first fifteen years of consulting were spent rescuing failing projects, designing project control systems and teaching project management for Fortune 100 companies and non-profit organizations. 

The past 25 years (yes that equals over 40 years) have been spent controlling projects and programs supporting the U.S. Department of Energy, Department of Defense, NASA and Department of Transportation. He has guided three EVM systems to validation and managed projects from a few thousand dollars to a few billion dollars. Projects included nuclear power plant construction, pharmaceutical feed stock production plants, sanitary system installation, dozens of satellites, the Space Shuttle, Space Station, FAA air traffic control system modernization and facility modernization.

He is an engineer and certified as a teacher, Contractor Performance Manager, and Project Management Professional.

About the Washington Circle Luncheons

PMIWDC's Washington Circle luncheons are a series of free brownbag luncheons hosted at 2201 G St, NW in Downtown DC. There are luncheons every fourth Wednesday of the month, unless posted otherwise.

This program series is made possible by the generous support of George Washington University School of Business, which offers a Master of Science in Project Management (MSPM) degree. The MSPM program is designed to meet the needs of working professionals who want to enhance their ability to integrate complex projects, motivate people, and achieve cost-effective results. With courses offered both on-campus and online, students have the flexibility to complete the degree from virtually anywhere.

Washington Circle luncheons are free and open to the public. Pre-registration is preferred, but walk-ins are welcome on a first-come, first-served basis.

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