Seven Steps to a Successful EVM Implementation
Earned value management (EVM) is a unique
methodology that turns conventional business
systems upside down. Instead of
focusing on costs, EVM concentrates on the
work to be done on a project or in an organization.
Typically, cost is managed and work
is a measure. With EVM, work is measured
and cost is an element of the measurement.
From an investment or portfolio management
viewpoint, you first need to ask: "Are
we meeting our objectives?" and then "What
is the cost?" A major benefit of EVM is the
ability it gives your organization to connect
strategic objectives to project objectives
and project performance.
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