Earned Value Management - Scaling EVM From Simple To Advanced Implementations

Scaling EVM From Simple To Advanced Implementations

The foundational principle of EVM, mentioned above, does not depend on the size or complexity of the project. However, the implementations of EVM can vary significantly depending on the circumstances. In many cases, organizations establish an all-or-nothing threshold; projects above the threshold require a full-featured (complex) EVM system and projects below the threshold are exempted. Another approach that is gaining favor is to scale EVM implementation according to the project at hand and skill level of the project team.

Read more about this topic:  Earned Value Management

Famous quotes containing the words simple and/or advanced:

    The birth of the new constitutes a crisis, and its mastery calls for a crude and simple cast of mind—the mind of a fighter—in which the virtues of tribal cohesion and fierceness and infantile credulity and malleability are paramount. Thus every new beginning recapitulates in some degree man’s first beginning.
    Eric Hoffer (1902–1983)

    A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.
    Barbara Ehrenreich (b. 1941)