Select Page

Categories

Earned Value Management (A Case Study)

Earned Value Management (A Case Study)
By Tom Carlos (PMP) – Project Perfect

Overview

There are “lucky” project managers whose projects were completed “on time” and “within budget.” But I am guessing they are in the minority. Everyone else has probably faced a situation where one of the following statements is true:

  • The project is within budget and schedule but we do not see the “expected” results
  • The project is taking longer than expected
  • The project is costing more than anticipated

I am betting that the managers of these projects used analysis tools that are considered “two-dimensional.” “Budget” and “Actual” are the two dimensions. But in looking at a broader picture, there is a much needed third dimension- one that reflects “performance and efficiency.”

“Performance and efficiency” indicate whether or not we are actually completing the intended tasks and producing the expected project deliverables within the designated budget and schedule. To examine this concept, let’s look at the following case study. Read the Complete Article

Recommended PM App

Recommended PM App

Categories