A Better S Curve and Simplified EVM
“S Curves” are great to track project spend. They are simple to interpret and quickly let us see if we are over or under budget. However, we could be doing fine spend wise, but behind from a schedule perspective. This is where Tracking Gantt charts come in and show schedule. Yet, Gantt charts lack the spend component. Pretty soon most projects get ahead or behind in spend and time and so trying to gauge the overall project health becomes difficult. This is why Earned Value Analysis (EVA) and Earned Value Management (EVM) were created, combining both spend and progress variables to produce a comprehensive set of project measures and metrics. However, there begins the problem. What’s Bad about […]
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