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5 Ingredients in the EVM Secret Sauce
Here are five challenges often encountered during earned value management implementations, and the steps that your organization should take to avoid or overcome them.
Most project management practitioners will tell you that implementing earned value management (EVM) processes and technology is not easy. EVM rules and regulations are lengthy, detailed and often ill-defined within most companies.
In this article, culled from hundreds of EVM initiatives, are five commonly encountered challenges related to EVM implementation, and the steps that organizations can take to avoid or overcome them.
Challenge One: Lack of Management Buy-in to EVM Initiatives
The first challenge that we often see with EVM initiatives is getting them off the ground correctly in the first place. Many executives view EVM as a mandated constraint that consumes time and money for all the wrong reasons. They believe that project managers don’t accept EVM programs, that they rarely pay off from an ROI perspective, and that they have no value to management. To get a program started successfully, management must fully buy-in and support EVM initiatives.
Secret Sauce Ingredient: ROI and Executive Training
The way to stave off lack of management buy-in is to train executives on why EVM is important and demonstrate how it positively impacts…
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I have made good judgements in the past. I have made good judgements in the future. - Dan Quayle |