Small contractors to the federal government just got handed a whammie: new rules that put an end to reporting costs using off the shelf software like Excel. Now the small guys, like the big guys, must use sophisticated software that track long-term progress over the life of a project, The Washington Post reports. While DoD has required the earned value management systems for years, the new rules extend to many more federal agencies and will affect thousands of contracts. The move is providing an opening for Virginia-based Deltek, which just acquired C/S Solutions Inc. of California. "It's like having a dashboard for running your own internal business," said Kevin Parker, Deltek's chief executive. "Typically you're not just looking at 90 days' worth of business. If you've been running a project for the federal government for four or five years, you need to know how much progress you've made and how much progress you need to be making." Each agency sets its own floor for where the … [Read more...] about New reporting regs mean more work for smaller contractors
Earned value reporting
EVM & PPM earning new respect In the last few weeks, several vendors have made material announcements involving Earned Value (EV). Earned Value or Earned Value Management (EVM) is a key concept in project management. The roots of this date back to the 1960s in government contracting. In an extremely simplified view, Earned Value provides a better measure of project reporting than a simpler percentage completion method. Several times in my career, I have heard software developers tell me, just three months into a 12 month project, that they were now 85% complete. It never ceased to amaze me how that last 15% would take an additional 15 months, if ever, to close. When percentage completion is used, the different parties involved in the project often do not share the same points of reference behind ‘completion’ and hence ill will, bad feelings and disputes often arise. Earned Value, by contrast, places additional rigor on the definition of the work plan or work … [Read more...] about Earned Value’s Ascendancy in PPM
We hear the promises and pronouncements made over and over and over again. We need to streamline and cut waste in government. It's been the theme of every political campaign for decades. But it doesn't seem to have happened so far. Will technology and management innovations save the day? MeriTalk's Steve O'Keeffe calls attempts to freeze government IT spending the "Kundra Tundra" -- an allusion to federal CIO Kundra Vivek's promise to reign in and streamline the government's $80-billion-a-year IT budget -- at least by five percent a year -- through aggressive and pro-active actions such as cloud computing, virtualization and data center consolidation. And, as a result, enable agencies across the board to better streamline their own programs. However to date, O'Keeffe observes, "the hard number savings associated with these programs are, well, somewhat nebulous." And many cost-cutting and streamlining mandates that already exist aren't being practiced. MeriTalk, a social … [Read more...] about Report: Government could save $158 billion a year with smarter, Web 2.0-savvy procurement
Microsoft Project's scheduling engine is full of data ranging from activity field definitions to earned value management calculations. You can access a lot of the information using Microsoft Project's tables and views; however, printing this information can be tedious as you try to fit all the columns on one screen. A better option is to use Microsoft Project's reporting features.Microsoft Project comes with a lot of reports categorized by activities, costs, assignments, and workload. I've used the delivered reports for summary level information, but I find it more useful to create my own set of custom reports to answer specific key questions. Here's how to generate a custom report based on an existing filter.This tutorial features the Behind Schedule filter that we created in a previous column to develop a Behind Schedule Report. In this report, I want to identify the late tasks and identify the responsible resource. Instead of creating a separate view, I want the report to list the … [Read more...] about Add a custom report in Microsoft Project 2007
We expect a lot from our tech companies, both in terms of the products they release to consumers and the gains they return to investors. And just like high school, the expectations are highest for the head of the class. That spot, of course, has gone to Apple for many years. As we enter a new year, it’s time to ask how our prize pupil did in 2013 and whether it will retain its rank in 2014. Get the Free Tracker App to find a Nintendo Switch in Stock The markets may already be speaking. As Forbes contributor Chuck Jones reported, “Wells Fargo’s Apple analyst Maynard Um downgraded Apple from Outperform to Market Perform on Monday while maintaining his $536 to $581 target price range.” Apple stock has fallen $20 this week to end near the bottom of Um’s range at $540.98.If you follow Horace Dediu’s logic that “The diffusion of iPhones is a Learning Process,” and that Apple has succeeded at directly transferring the consumer’s … [Read more...] about Product Report Card: Is It Fair To Grade Apple B- For 2013?
Qualcomm has reported its earnings for Q1 fiscal 2017 and has posted significant growth compared to the same quarter of 2016. The company has reported Q1 fiscal 2017 revenues of $6 billion, GAAP EPS $0.46 and Non-GAAP EPS $1.19. The first fiscal quarter ended on December 25, 2016. Get the Free Tracker App to find a Nintendo Switch in Stock "We are pleased with the strong start to our fiscal year and the year-over-year earnings growth across both our semiconductor and licensing businesses," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "Looking ahead, the pending NXP acquisition accelerates our strategic transformation in the high growth areas of automotive, IoT, security and networking. We are very well positioned to lead as the semiconductor engine for the intelligent, connected world."Mr. Mollenkopf added, "The recent legal and governmental actions against Qualcomm are at their core driven by commercial disputes. As we have done in the past, we will vigorously defend our … [Read more...] about Qualcomm Reports $6 Billion In Q1 Fiscal 2017 Revenues
TOKYO (AP) — Sony Corp. sank to a 138 billion yen ($1.3 billion) quarterly loss due to expenses from exiting its personal computer business and is forecasting more red ink as it struggles to execute a long-promised turnaround. Get the Free Tracker App to find a Luvabella in Stock The Tokyo-based maker of the PlayStation 4 game machine, Bravia TVs and Walkman digital player also reported Wednesday a loss of 128.4 billion yen ($1.3 billion) for the fiscal year through March 2014, about three times its loss of 41.5 billion yen the previous year. It forecast a 50 billion yen loss for the year ending March 2015.Earlier this month, Sony said it would report a bigger annual loss than earlier forecast because of costs related to selling its Vaio PC business. It also suffered a drop in the value of its overseas disc manufacturing business and its battery business.Sony has lost much of the cachet that stemmed from once being at the cutting edge of consumer electronics. In recent … [Read more...] about Sony Reports A $1.3B Quarterly Loss
Apple’s quarter came in well ahead of expectations on strong overall revenues and iPhone sales. With the company forecasting modestly higher earnings in the coming quarter and expectations that the iPhone 6 could be a blockbuster come September, Apple’s stock soared to levels not seen since the end of last year. Still, CEO Tim Cook thinks the company’s shares are cheap. In announcing Apple will pump an additional $30 billion into a repurchase program, Cook said: “We believe our current stock price does not reflect the full value of the company.” A deeper dive into Apple’s numbers suggests Cook’s beliefs could be reasonable, but there are still important questions facing the company down the road. Here’s a look at some of them:Can anything be done about the iPad problem? Cook explained that while iPad sales were down significantly versus last year, the situation wasn’t as bad as it seems. And, indeed, Ewan Spence has a post here at … [Read more...] about Is Apple Back After Surprise Earnings?
Get In Stock Alerts on Twitter for SNES Classic, Switch and More The company reported non-GAAP earnings per share of $0.45, as compared to expectations of $0.31 earnings on revenue of $318 million. In addition, LinkedIn’s net income was $22.6 million for the first quarter on a GAAP basis and $52.4 million on a non-GAAP basis.The company climbed to more than 2% in normal trading but went down sharply in after-hours trading. Also, the site’s user base stands at a reported 225 million, with 38% of its total top line in the first quarter coming from its international revenue.LinkedIn’s Premium Subscription product brought a revenue of $65.6 million, showing a modest growth for the firm from $59.4 million in its sequentially previous quarter.Investors are expecting rapid growth for the very richly valued company. Estimates peg LInkedIn’s 2013 revenue at around $1.5 billion depending on market conditions and corporate performance.LinkedIn is currently off 9%, likely … [Read more...] about LinkedIn Reports First Quarter Financial Results For 2013
In its first quarterly earnings report as a public company, Twitter both exceeded and fell short of expectations. Get the Free Tracker App to find a Nintendo Switch in Stock A bigger-than-anticipated surge of fourth-quarter revenue meant that the social messenging platform was able to report a very small profit, of 2 cents a share, marking the first time it’s ended a quarter in the black.But while Twitter is becoming more effective at monetizing the users it has, with $242.6 million in revenue for the quarter, it seems to be having trouble growing the overall size of its audience. Twitter’s total of 241 million monthly active users represents only an increase of 9 million from the previous quarter.Considering the massive worldwide attention its November IPO received, that figure could have been much higher. That, at least, seems to be the judgment of the stock market, which marked TWTR down more than 10% following the earnings release.Also worrisome was a 7% … [Read more...] about Twitter Earnings: Posts Revenues But Decline In User Growth