Clear business communication is vital towards small business sustainability. Think of communication as a market signal. Every day on the stock exchange, businesses report their quarterly earnings. The exchange goes up and down according to this news. Small business communication is no different. It is essential to ensure that the recipients in your marketplace clearly understand the value proposition that you’re promoting. Your target audience needs to understand that your product will save them time, money or both. Cloud communication is one of the great equalizers because any small businessman can save his documents to the cloud accessing them from anywhere. I’m using earned value management to see if Evernote for Business will help the small business owner increase his productivity, save time and money via the cloud.
Earned value management is a way to measure your time and cost efficiency. Most people wrongly think that earned value management is only for Corporate America. This couldn’t be any further from the truth. I will provide you with the background knowledge and some important variables in the next paragraph.
I start off with the basic three variables: planned value, earned value and actual cost. Planned value is the original planned work. Earned value is the actual work that’s done. Actual cost is how much money you’ve spent on a project. The actual cost is $69.99 annual base fee and $12/ person a month. The base fee must be paid regardless of however many months you want to use Evernote for Business. There are 10 people (including yourself) using Evernote. The total actual cost is $189.99 for this first month. The planned value is to save $7500 on your company retreat. The earned value is that your company has saved $10,000 after using Evernote for Business.
*The staggered price example is realistic in the marketplace. Oftentimes, you have more than one type of fee that you have to pay. In this case, Evernote has an annual base fee and a monthly user. I try keeping these examples as realistic as possible.*
These three variables are used to compute the cost variance and the schedule variance. The schedule variance is earned value — planned value. It compares how much work you’ve completed against the original plan. The cost variance is earned value — actual cost.
There are three categories for evaluating both schedule variance and cost variance. These categories help make better decisions.
- EV > PV = ahead of schedule
- EV = PV = on schedule
- EV < PV = behind schedule
- EV > AC = under budget
- EV = AC = on budget
- EV < AC = over budget
Using earned value management, your schedule variance is SV = EV — PV = $10,000-$7500=$2500. This means that you are ahead of schedule. Now let’s calculate cost variance. Your cost variance is CV = EV- AC = $10,000-$189.99=$9810.01. This means that you are under budget and getting the most bang out of your buck using Evernote for Business.
Loved this content? Well, this is the small portion of what I have to offer in my Earned Value Management Explained course. This course will equip you with the tools to make better business decisions and evaluate your time and resource allocation. This course will allow you to learn how to streamline your time, money and costs.
It is a digital course allowing you to take it on your schedule and at your own time. I value your time and money. Earned Value Management Explained helps you better understand the numbers behind the numbers so that you will never walk into a meeting or make a business-based decision without being properly equipped.
This is an investment that will pay enormous dividends for your business now and in the future. We also have a payment plan! You can sign up for 2 monthly payments of $150. I am here to make it easier for you to invest in yourself and your business! The payment plan reduces your business risk. Buy Earned Value Management Explained now for $297 here: www.carlarjenkins.com/evmexplained
If you cannot afford the Earned Value Management Explained, Phenomena Corporation has a more affordable option. We’re offering Earned Value Management Basics for $97. It is the lite version. It still offers the core EVM principles to help you and your business assess risk, make better business decisions, learn the meaning behind the numbers and streamline time, money and cost. We also have a payment plan! You can make 2 monthly payments of $50 apiece! Phenomena Corporation will never let money get in the way of the solopreneur and small businessman from becoming more knowledgeable and making better business decisions! Buy it for $97 here: http://carlarjenkins.com/evmbasics
Originally published at www.pm.expert on May 2, 2017.