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The mission of ProjectBoard
Earned Value Management (EVM) is to provide
a primary value point for application and
use as an integrated project management
process within your organization.
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Often referred
to as “management with
the lights on”
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ProjectBoard
helps the project and portfolio
manager objectively and succinctly
identify where a project or
portfolio is and where it
is going. |
State of the art methodology (Stanford
APM, PMI and EVM) incorporates strategy,
project scope, schedule and costs,
and is applicable across a broad
range of knowledge areas and practice
groups.
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ProjectBoard
helps companies to identifies
and articulates the driving
business strategies of their
level of the project organization.
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This
assures that the project organization
understands and is committed
to the business strategies
that pertain directly to them. |
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Strategies
drive prioritization criteria
to focus on your strategic results.
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ProjectBoard
helps companies to define
a criterion to represent each
of the identified business
strategies. |
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These
prioritization criteria establish
a tangible relationship between
the proposed work and the business
strategies of the organization.
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Assessing proposed
project work against a set of prioritization
criteria eliminates the unhealthy
competition between projects that
occurs when projects are assessed
one against another. |
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Best
practices:
Business
strategies  lead
to
Business
Initiatives lead
to
Project
and non-Project work lead
to |
| Operational
results |
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Earned Value Management (EVM) is
a program management technique that
integrates technical performance
requirements, resource planning,
with schedules, while taking risk
into consideration. The major objectives
of applying earned value is to use
effective internal technical, cost
and schedule management control
systems.
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This data is in turn used for determining
project status, and projecting future
performance based on trends to date. In
addition, EVM allows better and more effective
management decision making to minimize
adverse impacts to the project.
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Chart:
Cost Variance |
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The value earned
for the work performed compared
with the actual cost
incurred for the work performed,
provides an objective measure of
cost efficiency. Any difference
is called a cost variance.
Earned Value - Actual Costs = Cost
Variance (CV)
A negative variance
means more money was spent for the
work accomplished than was planned.
Conversely, a positive variance
means less money was spent for the
work accomplished than was planned
to be spent. |
Your Success!
When all is said and done, there are only
four things that your organization does:
• Strategize
• Prioritize
• Implement (projects)
• Operate
Documentation:
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