UniPhi 2023 Festive Celebrations - Aussie Summer Style!

Streuth! What a rollercoaster ride 2023 has been! The UniPhi Team has survived the twists and turns, and here we are, kicking back in the stunning Sydney, Australia – Circular Quay, no less – soaking in the vibes at the splendid Harbour restaurant, 6 HEAD. It's our last team lunch of the year, and we're ready to bid adieu to 2023 in true Aussie style.

You know how it goes – this time of year is like a mixed bag of emotions, a proper cocktail of reflection, contemplation, and of course, jubilation. We're looking back at the highs, the lows, and gearing up for the wild ride that is 2024.

But today, my project friends, it is all about popping the champers and giving ourselves a pat on the back. 

The UniPhi crew has gone above and beyond the call of duty, and let me tell you, this bunch is as genuine as a kangaroo in the outback. They're committed to their work and the success of the company, and it's time to raise a glass to their hard graft.

This afternoon is all about commemorating the graft, the grit, and the glory. It's the cherry on top of UniPhi's year, which has been nothing short of tough and rewarding.

Merry Christmas and a Happy New Year to all our clients and their families. May your holiday season be rip-roaringly safe and wonderful as you usher in 2024. Now it's time for this team to paint the town red! Cheers!

Earned Value Management - Made Simple

In the realm of project management, success is often measured by the trifecta of time, cost and scope. Balancing these three elements requires a strategic approach, and one powerful tool in the project manager's toolkit is Earned Value Management (EVM). This performance measure methodology, for accurate project tracking, should be used more frequently than is currently practiced if wanting to achieve maximum project success.

Understanding Earned Value Management:
At its core, Earned Value Management is used to measure project performance and progress. It integrates project scope, schedule, and cost aspects to provide a holistic view of a project's health. Imagine it as a financial report card for your project, offering a snapshot of how well it's performing against the plan and outcomes.

Key Components of EVM:

• Planned Value (PV): This is the authorized budget assigned to the work scheduled to be accomplished by a specific point in time. Essentially, it's the value of the work planned to be done.
• Earned Value (EV): EV is the value of the work actually performed by the measured date. It quantifies the project's progress in terms of the budget assigned to the work that has been completed.
• Actual Cost (AC): This is the total cost incurred for the work performed by the measured date. It encompasses all costs, both direct and indirect, associated with the work done.
• Cost Performance Index (CPI) and Schedule Performance Index (SPI): These indices provide a numerical representation of a project's cost and schedule efficiency, respectively. A CPI or SPI value of 1 indicates that the project is on track, while values greater than 1 suggest favorable performance and less than 1 indicates potential issues.

Benefits of EVM:

• Early Warning System: EVM acts as a project crystal ball, alerting project managers to potential problems before they escalate. By comparing planned, earned, and actual values, deviations from the baseline can be identified early on.
• Improved Decision-Making: Armed with accurate data on project performance, stakeholders can make informed decisions about resource allocation, schedule adjustments, and risk mitigation strategies.
• Stakeholder Communication: EVM provides a common language for communication among project stakeholders. Whether it's the project team, executives, or clients, EVM reports facilitate clear and transparent communication about project status and progress.

Conclusion:
Within the world of project management, Earned Value Management emerges as a guiding compass. By intertwining cost, schedule, and scope, EVM equips project managers with the insights needed to steer their projects towards success. As projects grow in complexity and scale, the adoption of EVM becomes not just a choice but a strategic imperative. After all, in the world of project management, knowledge is power, and EVM is the key to unlocking it.

Work package based EVM dashboard

As shown in this screenshot from our Dashboard, UniPhi has strong EVM capabilities for easy assessment and decision-making, that will automatically generate as the project progresses. It is imperative to note the use of EVM as a valuable performance measure, will only be valuable with the quality project set up of the baseline work breakdown structure and forecasted budge from project inception.

If you would like to know more, you can book a demo here, on how the UniPhi software can better support your project outcomes with EVM. If you are already an existing client and want to know more, book a training session here to see how simple it is to establish and use EVM, once you do, your project success will never falter.

Knowledge Hub Launch

Welcome to the launch of our Knowledge Hub, your entry point into the expansive UniPhi universe. 

Our primary objective is to equip you and your team with the knowledge and skills necessary to excel in your project endeavors, leveraging the applications within the UniPhi Software.

Launch Date: 7th December 2023

Location: https://knowledge.uniphi-software.com

Now you can google any type of request and go direct to that features instruction page: How to create a project, add a resource to the right role, what access levels exist and how to configure them plus 20 years more of advice and information.

Expand your capabilities in using UniPhi:

Explore easy-to-locate and digest instruction pages on the latest version of UniPhi across any module or task at any subscription level.

Gain insights and skills through engaging webinars, serving as a central location for reinforcing your UniPhi training and knowledge.

Access quick tips and tricks through the UniPhi YouTube channel to streamline your tasks.

Sign up to self paced tutorials

Need more personalised assistance:

Book a session with a UniPhi consultant if you need personalised support or can't find what you're looking for.