In Chapter 14 we discuss how you must track and quantitatively measure project performance throughout the life of your software project. You can't just count on your gut feeling or intuition that all is right with the project.
Earned value management (EVM) is a means of quantifying your project performance. That means you put a value, like 20 percent, on your progress. That 20 percent can represent the amount of work completed. If you planned to have 40 percent complete, that's not great progress.
Earned value management is a handy way of measuring your project performance so that you can determine whether you're where you said you would be at a particular point in time. You can use EVM to track and monitor project performance and then use your communication management plan to distribute this information to your stakeholders. See how all these pieces are coming together now? Check out Chapter 14 for more information.
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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.