Earned value analysis is the key to assessing your project health and applying metrics to manage your project. So why do only a few project manager's understand EVA and actually apply it to their projects? This is the first in a six-part series on EVA, providing an introduction into EVA in an easy-to-understand format.
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Now that we know you're not (too) frightened of Earned Value Analysis, it's time to tackle it head on.
As this two-part article concludes, we continue to look at the six easy steps that will enable you to calculate your project's earned value.
Earned value is one solution to managing the various project story problems that we run into on daily basis. This story explores additional earned value calculations to forecast future performance and additional indicators of troubled projects.
The ezEVA template is an effective tool to track and manage project health throughout a project. The historical tracking allows project managers to determine past and future performance trends. The metrics provide additional performance and cost indicators that provide a better assessment of project health.
The goal of this article is to encourage project managers to participate in an academic survey to help determine if an organization is ready to apply earned value management to its projects. If you are interested in learning more about EVM--and providing input into an assessment tool to help determine if an organization is ready to apply earned value--please read on!
Former British prime minister Benjamin Disraeli is credited as saying, “There are three kinds of lies: lies, damned lies and statistics.” To this we clearly might also arguably add a fourth: earned value. Here we explain its three deadly sins--those of omission, commission and deception.
How can Earned Value Management help you predict the future? Here we look at how EVM can help you forecast where your project will be at completion, as well as assisting in decisions around extra resources that may be required.
Earned Value Management is recognized within the project management domain as an effective cost and risk management technique. The formulas are not difficult to understand. So if EV isn’t difficult to calculate, why isn’t it more prevalent?
Are you ready for EVM? Our writer conducted a study on earned value management readiness based on 40 critical factors found in successful EVM implementations, and here we present the Top 10.