Earned value management
Lauren Bone from Bone Consulting Limited presented to South Wales and West of England Branch in September 2007. Laurenanalysed planned performance versus actualperformance andhow often what has been accomplished in projects usually costs more than anticipated. Lauren told the audience that in a survey of over 800 US military projects no project was ever completedwith a cost efficiency better than thatevident at 15% completion.
Earned value offers an accurate assessment of progress inrelation to cost and schedule.Early indication of developing performance trends provide an opportunity to intervenebefore it is too late.
This is a short but concise presentation from Lauren that promotedearned value. The presentation generated an excellent debate wheredelegates spoke about their own earned value experiencesin the workplace.
Slides from Lauren's presentation are available to download below.