take control of your project than project taking control of you
take control of your project than project taking control of you
Projects are typical. They mostly are behind schedule. Not only badly executed projects are expensive in terms of money and resources but also negative on organization’s credibility. Maybe sometimes what you need is just a simple practice, and that is,
taking control of your project than project taking control of you.

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What is Earned Value Management (EVM)?
EVM projects are managed through the establishment of a performance management baseline that represents the work to be performed along with the needed resources and schedule. The fundamental requirement for using EVM on a project is to plan all work prior to beginning development. Project progress is measured as earned value against the performance management baseline.

Project Tracking System help achieve a project manager on answering five essential questions of EVM, these are :
1. What is the value of the work planned? – Budgeted Cost for Work Scheduled (BCWS)
2. What is the value of the work accomplished? – Budgeted Cost for Work Performed (BCWP)
3. How much did the work cost? – Actual Cost of Work Performed (ACWP)
4. What was the total budget? – Budget at Completion (BAC)
5. What do we now expect the total job to cost? – Estimate at Completion (EAC)
 
© project tracking system 2007