Finding the Indexes

In mathematical terms, an index is an expression showing a ratio—and that's what we're doing with these indexes. Basically, an index in earned value management shows the health of the project's time and cost. The index, or ratio, is measured against one: The closer to one the index, the better the project is performing. As a rule, you definitely don't want to be less than one, as that's a poorly performing project. And, believe it or not, you don't want to be too far above one in your index, as this shows estimates that were bloated or way, way too pessimistic. Really.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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