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.
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!
This article highlights why project financial assessment is so prone to errors during project monitoring, and illustrates a better practice for applying earned value to analyze and report project schedule and cost data quickly and accurately.
With the volume of information that we have to deal with, we need effective filters in order to manage our personal project management process. So how do we determine our priorities, and how do we apply them?
Kanban is an effective tool for monitoring and controlling high-volume/low-complexity projects when the goal is to increase throughput, limit work in process (WIP), and measure flow in project environments. Implementation of this approach has the ability to reduce the project management team’s level of effort while optimizing resource utilization.
Can't use earned value because your cost data is confidential? Or because the actual costs are not accurate or itemized enough? No problem! Simply use the time assignments and completion percentages for project status and forecasting.
Unrealistic expectations, wrong information and unexpected costs leave many PMs with the impression that they don’t know how to manage project budgets--let alone the projects themselves. Here's some help.
In the highly competitive world, getting products to market quickly while being both flexible and adaptive to change is critical. The answer to this challenge is Scrum, an iterative, incremental methodology for project management often seen in agile software development. Here we look at recommendations for proper implementation of this unique and useful process.
Make sure those who are reporting progress on tasks know the rules or you won't get the accuracy that you expect.
Organizations still run into many challenges while implementing ERP systems. One of the key success factors is to ensure a project is completed on time and thus avoid schedule overrun. In this article, the author introduces an approach for handling issues related to project timeline and illustrates a concrete case on utilizing this approach in the business blueprinting phase.
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