Earned Value Management

 View Only
  • 1.  Implementing Earned Value

    Posted 08-24-2021 03:18 PM
    It seems that there is lot of reluctance to implement the principles of Earned Value. Either they are interpreted wrongly and implemented based on an individual understanding. This lack of knowledge translates in a nightmare when monitoring the project and reporting on earned value metrics.

    Abbas Saifi EVP
    Mississauga ON
    (416) 276-7065

  • 2.  RE: Implementing Earned Value

    Posted 09-21-2021 09:35 PM

    Vartenie Aramali
    PhD Candidate
    Arizona State University
    Tempe AZ
    (602) 900-2544

  • 3.  RE: Implementing Earned Value

    Posted 09-22-2021 09:12 AM

    There are some steps to follow, as any implementation.

    I've passed through more than 20 implementations of EVM, even considering those implementations will be at the end, major part of a new one.

    The major issue is to "equalize knowledge", as said, explain and assure the understanding of any and all the concepts of Earned Value, and Earned Value management.

    This steps are:

    1. Definition of the Business Model, and the needs of the project control. - Business Canvas, KPI's
    2. Understanding - Defining the basic concepts for all the organization, the middle and advanced concepts for the Project Management Team

    3. Sponsorship. The commitment, (technical, economical and for human resources) of the high level management to implement EVM, and also it's participation on the process and further use of the obtained data and resources

    4. Implementation per se, - The gradual use of defined EVM techniques

    5. Follow up, not only the use of the data and results obtained, but also check the commitment and understanding of the use of EVM
    6. Continuous improvement - The registration of mistakes, change orders, improvement opportunities, in order to better use of EVM

    Is the same process of the Demming's cycle Plan-DO-Check-ACT (1,2 = Plan / 3,4 = DO / 5 = Check / 6 = Act)

    (Look at the figure)


    Anderson Menezes
    Principal Consultant
    Santa Cruz de la Sierra
    +591 75617742