Back to basics - Earned Value Management for beginners
Posted by APM on 11th Dec 2014
Earned value management is a project control process based on a structured approach to planning, cost collection and performance measurement.
Earned value helps us manage a project by:
- providing data to enable objective measurement of project status;
- providing a basis for estimating final cost;
- predicting when the project will be complete;
- supporting the effective management of resources;
- providing a means of managing and controlling change.
Earned value provides information which enables effective decision making by knowing:
- what has been achieved of the plan;
- what it has cost to achieve the planned work;
- if the work achieved is costing more or less than was planned;
- if the project is ahead of or behind the planned schedule.
Good planning leads to good project execution and good management information.
This webinar provided an introduction to the basic concepts of earned value management (EVM). The recording is available here:
The presentation slides are available below:
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We all want our projects to be successful and like to think they are when they have finally been completed but do we really know how to identify project success?
On Tuesday 7 February 2017 Franco Pittoni gave a webinar presentation 'Schedule quality' put on by the APM Planning, Monitoring and Control Specific Interest Group. It covered the schedule quality topic, still frequently debated because of the failures in delivering project-programmes on time, which are still experienced worldwide.