If your IT shop isn’t using earned value management, you may want to start thinking about it. EVM, which has its roots in the U.S. Department of Defense, is moving into private industry. More important, it’s coming to IT.
When used properly, EVM helps team members, project managers and their bosses accurately gauge progress against an established project plan. EVM also enables teams to accurately assess where they’ll be in the future, allowing managers to make key decisions on resource allocation or revisions before projects unexpectedly spin out of control.
“When people report percent complete, you might get ‘I’m 50 percent complete,’ based on that person’s intuitive knowledge. Earned value analysis takes that guesswork out of it,” says Robert Leto, director of the IT effectiveness practice at PricewaterhouseCoopers Advisory Services in New York.
Read more at: Computerworld