Turning Metrics into Maturity

  Estimating   Stakeholder Management   ProjectsAtWork  

Earned value management is a widely recognized system for planning and controlling projects, and project managers should consider a deeper education in the tool. But some of EVM’s benefits are overlooked at the organizational level, specifically strategic planning and risk and change management maturity.

Most project management professionals will be familiar with Earned Value Management, the set of tools for measuring project performance based on set metrics. The metrics used, such as Earned Value, Cost Performance Index and Schedule Performance Index, can show where a project currently stands, how it got there, and what is likely to happen in the future. EVM uses Cost, Scope and Time indicators to show the project team if they are on schedule, on budget, and achieving the planned amount of scope.

These are usually the main benefits explored when an organization is considering implementing EVM for a given project. But there is another benefit to using Earned Value Management.

Organizational Maturity Models

Many organizations are looking for some method of improving competitiveness and effectiveness in their market space. They seek repeatable success, growth and maturity in order to sustain their operations and profits. There are several good models for these organizations to choose from.

One well known and popular “ladder” is the Capability …

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