Talk:Earned Value Management

Revision as of 09:29, 27 September 2015

Mette: Very nice topic choice that fits the requirements for this type of article. Look forward to reading more about this tool.

Review 3, s150621

• This article is written with good language

• The use of links to other articles, as for example WBS, is nice

• Your references look good

• The article enumerates many terms, and when reading through it can be a little bit too much of this. A suggestion is to have some more explanatory text in between?

• The figures are effective, but could give even better understanding with more explanation. For example, the figures can be used in the text for better explanation? The source of the figures should also be added
- I have now tried to use the figures more actively in the text and added both some more text for the figures and added the sources of the figures.

• The example is nice, but could advantageously be more comprehensive. For me, I think it would be better if the whole example was described together in the end. This way, the reader gets to see the whole picture. An alternative is to have an extra example before you start the discussion?
- I see your point, but I think it would be more confusing.

• The comparison with Tradition Cost Management in the end is good, and also the paragraph with Limitations. As your article is a bit short, I think you advantageously can extend the discussion.
- I have tried to add some extra to the "limitations" part.

S113815, Review 1. [1967 words]

Dear Nannats. After reviewing your article, I have following comments: First of all, I think the article is consistently well-written and explains a tool which is very useful in the field of project management. There structure of the article seems to follow the guidelines from the assignment. There is a red thread throughout the article and the examples is easy to understand. I have made some comments and tried to make some suggestions to make the article even better, they are as followed:

Summery Part:

• I think the summery is very well. It explains the tool in short and precise way.
• “Earned Value is based on an integrated management approach that provides the best indicator of true cost performance, available with no other project management technique.” It is a serious statement – are you sure of that? Are there no other techniques that can provide the same indicators?

- I think you are right. I have now re-formulated this statement.

Introduction Part:

• “… today EVM has become an essential part of every project tracking.” Is it an essential part of every project tracking? Or should it be? I think you need to back this statement up with a reference.

- Well-spotted. I have re-formulated this statement.

• You could maybe inset a figure of the project management triangle?

- That is an excellent idea :-) I have now inserted a figure with the project management triangle.

The EVM Method part

• Nice link to the WBS article.

- Thanks!

• Planned value (PV): I think that value should be with a capital V.

- Yes. Corrected now

• Maybe a explanation of why the PV (almost) looks like the letter S? Or what makes the curve form in this way.

- I have tried to explain it now.

• Nice example – easy to follow.

- Thanks

• The figure below the EV calculations does not have a Figure number and a figure text.

- I have added figure number and more figure text to all the figures

• I think a figure in the “Performance Indices” would be good. Maybe with colours – red for underperforming projects and green for over-performing projects?

- I have now added a figure in the "Performance Indicies", which illustrates the example.

• I would like an example and a figure in the “Forecasting” part. I feel like it is not as well described as the other parts.
• The three sub-headlines under forecast (Variances are typical, Variances are typical, Variances will be present in the future) are all starting with 1. Is that the intention or a format question?

- Oh, that was a format mistake. Well spotted :)

EVM vs. Traditional Cost Management Part:

• Again, a well structured paragraph.
• No specific comments to that part.

Limitations Part:

• In think that this part might be a little short..
• Would it be possible to add the quality part into the EVM?

References Part:

• I think this part looks nice. You might consider adding a bit more information (publisher etc.).

General to the article

• Either use Capital letters for the first letter in the key words (e.g. Earned Value Management in stead of earned value management. It differs throughout the article)

- Yes. That is now corrected through the article.

• It guess your figures are cut from some other literature? If so, remember to make a reference in the figure text.

- Yes. You are right. Now added.

• The format of the article is simple and clean – I like that!

- Great, thanks :-)

• As you still have 1000 words to use, you might consider a longer “Limitations”-part. Or maybe an extra example to strengthen your theory.

All in all a very nice article – and good work. :)

s140046 Review 2

• Fine introduction and background section • Great with internal link and suitable description of WBS • The total budget in table without number or title is $100.000. It should be $60.000. It seems to be double both with the actual calculations and with the table. You can consider to skip the table? • Very good and specific sections on Performance measurements and indices with clear examples. • The figures perfectly underline the calculations. You can consider to add more descriptive figure texts to the figures. • You can eventually elaborate a bit on Estimate to completion (ETC) • Typo: for example The Critical Path Method (CPM), it could provide invaluable into the true schedule status of the project. Should (probably) be… info to the true…? • Clear points in the limitations section. • In general a well structured and precise article. The content has been cut to the bone but contains all relevant description and examples. Very nice reading. • References according to Wiki-standards.