Earned Value Management - Scaling EVM From Simple To Advanced Implementations

Scaling EVM From Simple To Advanced Implementations

The foundational principle of EVM, mentioned above, does not depend on the size or complexity of the project. However, the implementations of EVM can vary significantly depending on the circumstances. In many cases, organizations establish an all-or-nothing threshold; projects above the threshold require a full-featured (complex) EVM system and projects below the threshold are exempted. Another approach that is gaining favor is to scale EVM implementation according to the project at hand and skill level of the project team.

Read more about this topic:  Earned Value Management

Famous quotes containing the words simple and/or advanced:

    “It would not be an easy thing to bring the water all the way to the plain. They would have to organize a great coumbite with all the peasants and the water would unite them once again, its fresh breath would clear away the fetid stink of anger and hatred; the brotherly community would be reborn with new plants, the fields filled with to bursting with fruits and grains, the earth gorged with life, simple and fertile.”
    —Jacques Roumain (1907–1945)

    “A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
    —Barbara Ehrenreich (b. 1941)