Earned Value Management is Like a Speedometer

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.     Log in

Many projects are completed behind schedule and over budget because there are no proper monitoring and controlling steps taken. If we consider a project as a "journey", the methodology as the "road", the resource as a "car", the project manager as the driver, then earned value management is like the "speedometer" of the car that consistently shows how the journey (project) is (really) progressing. (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free. Sign up for free     Log in

		Earned Value Management is like GPS Navigation Software Paul D Giammalvo, Professor and Consultant, Indonesia, Member
	Hi Gim, I found your analogy to be interesting, but not completely accurate. I would suggest that an even better analogy would be to compare Earned Value Management to using GPS navigation software in your automobile. It tells you where you are compared to where you are going; it tells you how long you have been traveling and it projects how much longer it will be before you get to where you want to go; and when combined with your fuel gauge, it tells you how efficiently you are using the fuel in your car and how much more fuel you will consume before arriving at your destination. And, like your GPS, it can provide you with an indication that your project is "off track" against the plan. Does that make sense to you?

		Completing the Thoughts .. Adriano A. Barbosa, Director, Brazil, Member
	(...)

		Earned Value Management is NOT Complicated at All Paul D Giammalvo, Professor and Consultant, Indonesia, Member
	(...)

		Adding my Thoughts Lucky Edjenekpo, Management Consultant, Nigeria, Member
	(...)