What we have discussed to this point is the traditional and most robust form of earned value. Whenever the resources are available to apply the method, it should be done because it focuses on the accomplishments that lead to project value being delivered as promised. However, the collection and reporting of actual cost is often impractical, thereby rendering the quantitative measures unobtainable. In that event, there is an alternative, though less robust, earned value method named "time-centric earned value," [121 first described to the industry in the author's presentation t13l with James R. Sumara to the PMI® National Symposium in 1997.
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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.