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The Value of Earned Value
July 31, 2008 | Author: PM Hut | Filed under: Cost Management
The Value of Earned Value (#8 in the series Introduction to Earned Value Management)
By Global Knowledge
EVM is referred to as “project management with the lights on,” because it shows management where a project is and where it is headed.
Is EVM a magic bullet for perfect projects? No. It will not fix poor planning or poor execution. However, it is a crucial tool for monitoring and reporting performance.
This information was drawn from Global Knowledge’s Earned Value Management course.
This article was originally published in Global Knowledge’s Business Brief e-newsletter. Global Knowledge delivers comprehensive hands-on project management, business process, and professional skills training. Visit our online Knowledge Center at www.globalknowledge.com/business for free white papers, webinars, and more.
© Copyright 2008, Global Knowledge. All rights reserved.
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