Earned value is a tool used for measuring project performance but it may not be suitable for every situation. While earned value is effective for measuring tangible outcomes like quantity, quality, and availability, it is less effective for intangible work like requirements definition, verification and validation, and various types of services. The presenters questioned whether earned value is always the right tool given that different projects require different metrics for measuring success.
Earned value is a tool used for measuring project performance but it may not be suitable for every situation. While earned value is effective for measuring tangible outcomes like quantity, quality, and availability, it is less effective for intangible work like requirements definition, verification and validation, and various types of services. The presenters questioned whether earned value is always the right tool given that different projects require different metrics for measuring success.
Earned value is a tool used for measuring project performance but it may not be suitable for every situation. While earned value is effective for measuring tangible outcomes like quantity, quality, and availability, it is less effective for intangible work like requirements definition, verification and validation, and various types of services. The presenters questioned whether earned value is always the right tool given that different projects require different metrics for measuring success.
Finefield Consulting Strategy Bridge International, Inc Garden Grove, CA Winchester, VA
PMI College of Performance Management
19th Annual International Integrated Program Management Conference Hilton Alexandria Mark Center, Alexandria, VA Professional Education Program (Training Track) presented by PMI-College of Performance Management faculty IfIfaearned Is the hammer Hammer value is thenot is the only right working, tool tool infor your get a bigger measuring toolbox, every your problem hammer! desired looksresults? like a nail. Earned Value management • Strengths • Weaknesses Earned Value is • The right tool for: • The wrong tool for: Performance Parameters • Quantity • Quality • Availability • Responsiveness • Value How could we measure effectiveness for: • Software implementation • Requirements definition • Verification and Validation • Project Management • Configuration Management • Program Control • Computer support services • Guard services • On-call repair services