Earned Value Management (EVM) is a classic method of measuring project status by

Question

Earned Value Management (EVM) is a classic method of measuring project status by upper management. Some people swear by it and others swear at it. Do you think a Project Managers ‘bonus’, if not job, should depend on what the EVM numbers are at the end of the project? Why or why not? As a final reflection, what is the value of using EVM in the Capstone based on the detailworkplan you have created? What are your concerns?

Earned Value Management (EVM) is a classic method of measuring project status by upper management. Some people swear by it and others swear at it. Do you think a Project Managers ‘bonus’, if not job, should depend on what the EVM numbers are at the end of the project? Why or why not? As a final reflection, what is the value of using EVM in the Capstone based on the detailworkplan you have created? What are your concerns?

Explanation / Answer

Earend Value Management :

This is a technique used by top management to evaluate the value earned/achieved over a particular period of time. It is mostly done in short time-intervals before the project completion. So, the remaing value that is to be earned is clearly identified.Then necessary changes to roadmap is defined to earn the ramianing value.

Project Managers' bonus should always depend on the EVM numbers and are for the following reasons,

Incase of considering EVM for a Capstone based project, the end performane tagged with analysis on continuous performance will help in identifying the best managers. Capstone's eveluation should be not merely based on delivery but also on the effective continuous feedback from end users.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.