In This Chapter

Understanding Earned Value Management Interpreting variances Approximating an activity's Earned Value ecause you're reading this chapter, I assume you're looking for a way to assess your ongoing project performance. Earned Value Management (EVM), formerly called Earned Value Analysis (EVA) is a technique that helps determine your project's schedule status and cost status from your resource expenditures alone. EVM is particularly useful for identifying potential problems on larger projects. To...

Through your organizations project management office

You can also offer to work with the organization's Project Management Office (PMO) to help improve project-management practices if one doesn't exist, you can suggest that the organization create one. A PMO serves as a central point for an organization's project-management-related activities. Typically, PMOs fall in one of two categories A relatively small group of people who do some or all of the following tasks Develop, distribute, and maintain organization project-management-related policies,...

Defining Project Management

Project management is the process of guiding a project from its beginning through its performance to its closure. Project management includes three basic operations i Planning Specifying the desired results, determining the schedules, and estimating the resources i Organizing Defining people's roles and responsibilities i Controlling Reconfirming people's expected performances, monitoring actions and results, addressing problems, and sharing information with interested people Successfully...

Project Management The Key to Achieving Results

Distinguishing projects Breaking down project management Coming to grips with the project manager's role Cycling through the phases of a project Eyeing potential problems with your project Examining the requirements for project success Successful organizations create projects that produce desired results in established time frames with assigned resources. As a result, businesses are increasingly driven to find individuals who can excel in this project-oriented environment. Because you're...

Using a Work Breakdown Structure for large and small projects

You develop a WBS for very large projects, very small projects, and everything in between. Building a skyscraper, designing a new airplane, researching and developing a new drug, and revamping your organization's information systems all need a WBS. So, too, do writing a report, scheduling and conducting a meeting, coordinating your organization's annual blood drive, and moving into your new office. The size of the WBS may vary immensely depending on the project, but the hierarchical scheme to...

Developing an Audience List

A project audience list is a living document. Start to develop your list as soon as you begin to think about your project. Write down any names that occur to you when you discuss your project with other people, ask them who they think may be affected or interested. Then select a small group of people and conduct a formal brainstorming session. Continue to add and subtract names until the list is complete. To increase your chances of identifying all appropriate people, develop your audience list...

Standalone specialty software

Stand-alone, specialty software consists of separate packages that perform one or two functions very well. The following types of specialized software can support your project planning and performance Word processing (Microsoft Word is an example) Useful for preparing project plans, maintaining a project log, creating progress reports, and preparing written communications. Business graphics and presentation (Microsoft PowerPoint is an example) Useful for preparing overheads and slide shows for...