Level: Intermediate
Venue: 2024 AACE International Conference & Expo
Abstract: Successful earned value management (EVM) implementation requires an effective earned value management system (EVMS) and a well-planned performance measurement baseline. Meaningful insight into project performance can only be achieved with this combination of a compliant system with the active planning and management of project execution. A critical method to evaluate adherence to EVM best practices is to conduct reviews. Compliance reviews and surveillance reviews are used to evaluate the sufficiency of the EVMS, while integrated baseline reviews are used to assess the reasonableness of a project baseline. This presentation will compare and contrast these two types of review, demonstrating how and why they differ. Key terminology, stakeholders, artifacts, timeline, and intended results will be discussed. Real life examples may be used.
Venue: 2024 AACE International Conference & Expo
Abstract: Successful earned value management (EVM) implementation requires an effective earned value management system (EVMS) and a well-planned performance measurement baseline. Meaningful insight into project performance can only be achieved with this combination of a compliant system with the active planning and management of project execution. A critical method to evaluate adherence to EVM best practices is to conduct reviews. Compliance reviews and surveillance reviews are used to evaluate the sufficiency of the EVMS, while integrated baseline reviews are used to assess the reasonableness of a project baseline. This presentation will compare and contrast these two types of review, demonstrating how and why they differ. Key terminology, stakeholders, artifacts, timeline, and intended results will be discussed. Real life examples may be used.