evm
- Created by: stonesy71
- Created on: 14-08-20 10:11
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- Earned Value Management
- EVM
- Common used performance measurement methods
- What?
- It integrates scope, time and cost measures
- Earned Value Calculations
- 4 Components are identified in planning
- Budget at Completion
- Planned duration
- Planned cost
- Actual cost
- 4 Components are identified in planning
- Reporting
- Advantage of EVM- good/easy to report on
- Benefits of EVM
- Simpler project reporting (KPI)
- Highlghts estimating errors
- Forecasts
- Helps justify
- May show early termination of project
- Disadvantage of EVM
- Doesn't account for critical path when doing new end dates
- Too much cost / schedule emphasis can loose quality!
- Overly simplistic- ill informed decisions
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