Level: Intermediate
TCM Section(s)
9.2. Progress and Performance Measurement
10.2. Forecasting
Venue: 2024 AACE International Conference & Expo
Abstract: Earned value management is a technique that can improve the overall project planning and control as well as contribute to improved communication of project status. The implementation of this technique can prove to be incredibly challenging for many organizations. Successful implementation and use is dependent on several factors and considerations lining up in a manner which tracking and analysis can be done in an objective manner across the entire project. The appropriate level of detail, considering risks while developing the schedule, allocating budgets in accordance with appropriate controls accounts, data collection, & tracking metrics are among these challenges that become critical for a successful EVMS implementation. Furthermore, making sure the entire project team clearly understands and contributes to the planning and control metrics being used becomes critical to communicating with the project team to facilitate decision-making & forecasting to ensure overall project success.
TCM Section(s)
9.2. Progress and Performance Measurement
10.2. Forecasting
Venue: 2024 AACE International Conference & Expo
Abstract: Earned value management is a technique that can improve the overall project planning and control as well as contribute to improved communication of project status. The implementation of this technique can prove to be incredibly challenging for many organizations. Successful implementation and use is dependent on several factors and considerations lining up in a manner which tracking and analysis can be done in an objective manner across the entire project. The appropriate level of detail, considering risks while developing the schedule, allocating budgets in accordance with appropriate controls accounts, data collection, & tracking metrics are among these challenges that become critical for a successful EVMS implementation. Furthermore, making sure the entire project team clearly understands and contributes to the planning and control metrics being used becomes critical to communicating with the project team to facilitate decision-making & forecasting to ensure overall project success.