Earned value management is a technique that integrates scope, cost and time to highlight how the project has done in the past and predict how it is expected to do in the future. This article discusses a few basic concepts of EVM and is useful for anyone looking to get started on this topic, as well as for candidates preparing for certification.
In the real world, scope changes can be expected during the life cycles of most projects. Scope changes implemented once work has begun will have a greater effect on the project schedule and cost than changes implemented during the project initiation or planning phase; therefore, it is imperative that the project scope be well defined before the project work begins. The purpose of this paper is to help the reader better define project scope, give examples of some of the difficulties of managing project scope and the consequences and recommendations for dealing with those difficulties.
Establishing the scope for a project is the first step. Unfortunately, many first steps are wrong and the project pays the price after a thousand steps have been taken. Take the time and effort to establish the scope correctly in the first place by following some important guidelines.
If you cannot make a plan to have the right people at the right time, then your project will not succeed. But how do you arrive at that plan with the number of resources? And how do you ensure that the number of people is right, and the start and finish dates are correct? It all starts with estimating.