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(EVM-3155) Use of Earned Value Management as a Communication Tool With the Project Team and the Client

Level: Basic
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA

Abstract: People often focus on the rigorous implementation of earned value management (EVM) without realizing the value the system offers as a communication tool between the project team and the client. Proper implementation of an EVM system can lead to:
  • A clear understanding of the project requirements
  • A well-thought-out execution strategy by the project team
  • Easier issue identification and resolution
  • A system for tracking and resolving management actions to move the project forward
  • Objective measurement of performance that can be used to communicate progress and issues with the client and other stakeholders

Taking a fresh look at the EVM guidelines from a communication perspective can enhance the return on investment for using EVM and improve project performance and relationships.