Vol 19, No 1

Implementing earned value management on IT projects

Maja Ferle PMP
SRC.SI d.o.o., Slovenia

Ms Ferle received the 2006 Jan Korevaar Award for this paper presented at the 1st ICEC and IPMA Global Congress on Project Management, Ljubjana, Slovenia

Abstract

Many IT projects may be classified as troubled, meaning that they do not meet schedule, cost or scope constraints. Very often, trouble is not recognized during project execution due to insufficient project management procedures and non-existing control mechanisms. According to PMI, Earned Value Management (EVM) has proven itself to be one of the most effective performance measurement and feedback tools for managing projects. In this paper I discuss monitoring IT project status using EVM thus enabling the project manager to expose potential troubles in the project early during project execution. Addressing issues immediately as they arise gives the project a greater chance of successful completion.

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