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Increasing productivity is an ever-present goal for project managers, and the evolution of the project management discipline is positioning PMs for success.

 

Managing the performance of a project is one of the biggest challenges project managers face. PMs are responsible for performance, and best practices state that project managers should check the status of any project in relation to deliverable goals on a regular basis.

 

There are different methodologies PMs can implement to track a project’s progress, but one methodology has been proven to be more accurate at tracking performance, as well as offering predictions for the future of a project, and that’s earned value management (EVM).

EARNED VALUE MANAGEMENT

Earned value management (EVM) is a project management tool that integrates scope, cost, and schedule to analyze project performance and forecast project results. 

EARNED VALUE MANAGEMENT offers PMs the ability to compare where they are in a project to where they are supposed to be in terms of baseline schedule and budget. EVM integrates cost, schedule and scope to create data points to be used to evaluate progress.

Earned value management (EVM) is a project management tool that integrates scope, cost, and schedule to analyze project performance and forecast project results. RAMJAC applies EVM to:

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  • Provide insight into project cost and schedule performance using international-standard metrics and indicators recognized by regulatory agencies, governments; and financial institutions;

  • Develop and document processes to reinforce project management best practices;

  • Integrate schedule management, job-cost accounting, and project controls system reporting processes;

  • Measure project performance across all WBS levels over the project lifecycle; and

  • Calculate project schedule and cost performance variances and indices and forecast estimates at completion.

SERVICES

  • Work Breakdown Structure (WBS)

  • Organization Breakdown Structure (OBS)

  • Establish Work Packages

  • Develop Integrated Master Schedule (IMS) or Performance Measurement Baseline (PMB)

  • Establish Control Accounts

  • Update IMS /PMB

  • Re-baseline

  • Variance Analysis

  • Establish Key Performance Indicators (KPI’s)

  • Trend Analysis

  • ​EVM RFP Support

  • EVMS Assessment 

  • Earned Value Management Tool Selection

  • EVMS System Description and Process Development 

  • Intergrated Baseline Review (IBR) Preparation and Conduct

  • EVM Certification Support

  • Integrated Master Schedule (IMS) Health Check

  • Action Plan Development for Progress Assessment Reviews

  • Earned Value Data Analysis and Reporting

  • WBS Guidelines for Government Acquisition Programs

  • EVM Staff Augmentation

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