| The measurement and reporting of
project progress is notoriously difficult. In the absence of a consistently
applied methodology for planning and reporting, each project or
programme manager is likely to adopt a different approach to
the reporting of progress. Often, these reports are guesswork,
based on subjective, frequently optimistic estimates from the
project team. The cumulative effect of this guesswork across many
projects can lead to gross under or over estimates of the actual
situation of the business as a whole, with disastrous eventual effects
on cash flow and budget forecasts.
Thus the benefits of adopting an
Earned Value approach to progress measurement can be seen at many levels:
- For the project and programme managers,
a justifiable and objective approach to reporting of progress
- For the management accountants and
budget holders, a realistic approach to evaluation of progress
and cash flows
- For the business, confidence in the
contribution to effective internal controls of the project
progress evaluation processes.
|
|
|
Click for details of other Project
Management training
[Project Management Techniques]
[Project Planning]
[Scheduling and Cost Control]
[Project Risk Management]
[Earned Value Management]
|
This one day workshop covers the
fundamentals of Earned Value Analysis, enabling Project and Programme
Managers to plan in a way that supports the method, to measure progress
and report against cost and schedule baselines, and to make objective
and justifiable predictions of cost and schedule outcome.
|
