Earned Value Management (EVM) has emerged as one of the most powerful and frequently used methodologies to measure project progress and performance over the last 60 or 70 years. Its early adopters include NASA and the U.S. Department of Defense, who have been using the practice extensively in critical, long-term projects with massive budgets. Though […]
Foundations of Progress Measurement (Part III): Construction
November 5th, 2019
The Importance of Progress Measurement Progress measurement is a key element of project management for construction projects. It helps to determine earned value, cost at completion, and the estimated finished date of the project. These are all very important things to know if you want to keep costs and schedule under control. However, being able to […]
Foundations of Good Earned Value Management
October 1st, 2019
In this blog, I will cover the foundations of good Earned Value Management (EVM). EVM is a project management method that helps project managers measure project performance objectively. It helps answer three key questions about a project: Where have we been? Where are we now? Where are we going? First, I will explain the basic […]
Foundations of Progress Measurement (Part II): Procurement
August 12th, 2019
The Importance of Progress Measurement Successfully executing projects hinges on many variables. Yet, the fundamental question that must be answered before any proactive or prescriptive measures can be implemented is this: Where are we today? Deceiving in its simplicity, this question often proves difficult to answer accurately. That is where progress measurement processes come in. The […]
Foundations of Progress Measurement (Part I): Engineering
July 19th, 2019
The Importance of Progress Measurement Successfully executing projects hinges on many variables. Yet, the fundamental question that must be answered before any proactive or prescriptive measures can be implemented is this: Where are we today? This seems like a simple question. However, it often proves very difficult to answer accurately. That is why accurate progress measurement […]
EVM: Management with the Lights On
August 31st, 2017
Earned Value Management (EVM) is a method using specific metrics to measure, forecast, and ultimately improve project performance. EVM has been shown to be a very strong indicator of the future performance of a project. In fact, when EVM is effectively deployed, it can be used to predict project performance +/- 10% when the project […]