Earned Value Analysis Without An Achievable Plan Is Futile
I met with a group today who is looking at improving their estimation process. The story was the same as a number of other organizations. They got into earned value (EVM) in a big way. But they aren’t getting the results. The determined that they must have a viable estimate and plan as the basis of earned value. Earned value can be an extremely valuable technique for managing projects. But the baseline plan better be viable. They also spoke of having multiple baselines as the project progressed. They grimaced as they told me thr number of re-baselining that occurred. But it all goes back to the basic fact… you must have a viable estimate and plan to track earned value to. If you do not, it is time to re-baseline… with a viable plan.
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