Earned Value Management (EVM)
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== Abstract == | == Abstract == | ||
| + | When managing projects it is of greatest interest to make sure that the project delivers what has been agreed upon. In order to increase the odds to accomplish this constant monitoring and measuring is the key. | ||
| + | Projects that are not properly monitored run the risk of finishing too late, become more expensive and end up being out of scope. | ||
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Earned value management (EVM) is a methodology used in project management to evaluate the performance of a project at any given point. This is done by comparing the expected outcome of the three constraints cost, time and scope, to the actual outcome <ref name="PSEVM">Project Management Institute (2012) Practice standards for earned value management. 2nd ed. Newton Square, PA: Project Management Institute.</ref>. | Earned value management (EVM) is a methodology used in project management to evaluate the performance of a project at any given point. This is done by comparing the expected outcome of the three constraints cost, time and scope, to the actual outcome <ref name="PSEVM">Project Management Institute (2012) Practice standards for earned value management. 2nd ed. Newton Square, PA: Project Management Institute.</ref>. | ||
In order to properly measure the | In order to properly measure the | ||
Revision as of 10:37, 11 February 2021
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cheatsheet
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Wiki Deliverable 1: Abstract The abstract should not exceed about 250-300 words. It should consist of the summary of your article, as well as a table of contents with bullet points explaining the content of each section. Please already include key references in the abstract.
Abstract
When managing projects it is of greatest interest to make sure that the project delivers what has been agreed upon. In order to increase the odds to accomplish this constant monitoring and measuring is the key. Projects that are not properly monitored run the risk of finishing too late, become more expensive and end up being out of scope.
Earned value management (EVM) is a methodology used in project management to evaluate the performance of a project at any given point. This is done by comparing the expected outcome of the three constraints cost, time and scope, to the actual outcome [2]. In order to properly measure the
Big idea
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Application
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Annotated bibliography
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