Earned Value Management Analysis

Earned Value Management Analysis methodology is an analytical tool that uses data generated during project execution. Analysis of the collected data reveals the present state of the project. Further, analysis of the trends in the data can forecasts the future project performance. The collected data when compared to a baseline indicates variances in project performance. Earned Value Analysis also assists project manager and the project team in initiating corrective actions and recommending preventive actions. Read More

Earned Value Management System

EVM as Earned Value Management is popularly known, is a technique used to track the progress and report current status of a project, it is also used to forecast the future performance of the project. EVM is an analytical tool that systematically integrates measurement of cost, schedule, and scope accomplishments on a project. EVM was developed in 1960’s by Department of Defence (DOD) to keep track of defence projects. Read More

Project Planning and Scheduling Fundamentals

Fundamentals of project planning and scheduling is a post highlighting the basic points that needs to be considered while developing a project schedule. Background One of my smooth progressing engineering project was suddenly jolted by numerous emails and phone calls from the project sponsor asking the management to expedite activities at site. The project was going… Read More

Project Schedule Development Process

Project schedule development process is an iterative process and continues through out the project as work progresses. Project schedule is updated as the duration, resource estimates change on account of changes to project scope and budget. Anticipated risks may occur or disappear and this may also result is updating the project schedule. Before we start… Read More

Daily Project Execution Plan Complete Guide

Importance of planning: A project manager needs to plan all activities required to achieve project deliverable, latest project planning software’s are a handy tool and can accommodate a never-ending list of activities. At times a Project Manager is required to have better skills in handling information generated by these software rather than demonstrate his core… Read More