Wednesday, August 26, 2009

Earned Value Management will gain prominence

I have always been a strong believer in Earned Value Management as the “savior tool” for managing projects. As a tool, I consider EVM will gain prominence as it offers early warning signals by providing an integrated status of Scope, Time and Cost parameters. The imperative for harnessing the power of EVM would involve: Proper planning and estimation of work products, measuring accurately the amount of work completed and the total cost expended to achieve the work. Moreover, the benefits will be manifold when the understanding and implementation of EVM tools is not limited to upper management.

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