earned value management

For example: work breakdown structures, critical path analysis and earned value management.

Analyzing progress compared to the baseline schedule is known as earned value management.

Earned value management is a project management technique for measuring project performance and progress.

BCWP is an Earned value management term and it is different from:

Critical chain project management uses buffer management instead of earned value management to assess the performance of a project.

Earned Value Management is a second tool within project management that allows for the tracking of progress throughout the life cycle of a project.

Practice Standard for Earned Value Management - Second Edition (2011)

Indicators of control of projects such as the overhead resource allocation control, Earned Value Management or control of material requirements.

Earned schedule (ES) is an extension to the theory and practice of earned value management (EVM).

Artemis CostView was full earned value management system and was compliant with government and industry EVM standards.

The combination of the project management technique earned value management (EVM) with CMMI has been described (Solomon, 2002).

Artemis Views was an integrated enterprise project management application that provides the capability to accomplish project planning and scheduling, resource allocation and tracking, time reporting, and earned value management.

Earned schedule (ES) is an extension to earned value management (EVM), which renames two traditional measures, to indicate clearly they are in units of currency or quantity, not time.

Earned value management (EVM) is a project management technique for measuring project progress in an objective manner, with a combination of measuring scope, schedule, and cost in a single integrated system.

In earned value management, burn rate is calculated via the formula, 1/CPI, where CPI stands for Cost Performance Index, which is equal to Earned Value / Actual Cost.

It builds upon earlier techniques such as earned value management, critical path method, and program evaluation and review technique, but uses these to track and index projected project profitability as well as the more traditional cost and schedule.

Some project managers feel that the earned value management technique is misleading, because it does not distinguish progress on the project constraint (i.e. on the critical chain) from progress on non-constraints (i.e. on other paths).

Artemis later evolved into three major product lines to support project planning and scheduling, earned value management (project performance measurement), portfolio management, resource management, and time reporting - Artemis 9000, Artemis Views and Artemis 7.

An Earned Value Professional (EVP) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost management and earned value management knowledge.

Evidence from research and observations indicated that the conceptual models of Construction Management and the tools it utilizes (work breakdown structure, critical path method, and earned value management) fail to deliver projects 'on-time, at budget, and at desired quality' (Abdelhamid 2004).