Earned Value Management-Cost and Earned Value Graph

Earned Value Management, Planned Value, Actual Cost

Earned Value Management (EVM) is a project management technique for measuring project performance and progress in an objective aspect which incorporates scope, time and cost measurements. By combining these measurements Earned...
Decision Tree Analysis -The Expected Monetary Value (EMV)

Decision Tree Analysis Technique for Decision Making

In the existence of uncertainty we use the decision tree analysis technique for making decisions. This technique can be used for many different project management cases. For example: Should we upgrade...
Assumptions and Constraints in Project Management

Assumptions and Constraints in Project Management

Assumptions and Constraints Many projects begin with limited accuracy. Only a few of them begin with adequate certainty.Some issues and facts are known at the beginning but most isssues and parameters must...
PERT Method Example

PERT Method -Program Evaluation and Review Technique

The PERT Method (Program Evaluation and Review Technique) is one of the common methods of network analysis which is used to coordinate complex tasks. It is similar to the Critical Path Method(CPM)....
Stakeholder Identification in Project Management

Stakeholder Identification in Project Management

Stakeholder identification is an initial phase in project management. Stakeholders are individuals, groups, organizations who can affect or be affected by a project. There can be many stakeholders depending on the...
Planned Value,Actual Cost,Earned Value

Earned Value Management (EVM) Example

Earned value analysis is an efficient technique to realise and manage the project's performance. Organizations across all the industries use Earned value analysis and Earned Value management techniques to understand the...