Using Earned Value Management Concepts to Improve Commercial Project Performance

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Topics: Earned Value Management

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Overview

Earned Value Management (EVM) has been evolving as a valuable project management tool formally since the 1950s and, yet, adoption within the commercial world has been slowed by many factors; some due to a lack of knowing what EVM has to offer and some to do with how EVM has been attempted to be deployed.  EVM can be applied and be equally effective within the commercial sector; just as it has already been when applied to government projects.

This presentation will place EVM within the context of a maturing enterprise looking to understand what EVM is, what it can do, what it is not, and how to discuss a ‘tailored’ implementation.  The discussion will introduce how Earned Value is incorporated within the PMBOK®, within the project management methodology and how to ‘speak’ about the values delivered by EVM in terms of objective Technical Performance Measures (TPMs).

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Talent Triangle Alignment

This video qualifies for the following PDUs:

PMP/PgMP PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA Technical 0.50 0.00 0.00 0.00 0.00 0.00 Leadership 0.25 0.25 0.25 0.25 0.25 0.25 Strategic 0.25 0.25 0.25 0.25 0.25 0.25 Total 1.00 0.50 0.50 0.50 0.50 0.50

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Acknowledgements: Rebecca Braglio and Stephen Strickland