PROJECT PERFORMANCE REPORTING AND PREDICTION: EXTENSIONS OF EARNED VALUE MANAGEMENT

Year 2011, Volume: 3 Issue: 1, 11 - 20, 01.06.2011

Agata Czarnigowska Piotr Jaskowski Slawomir Biruk

Abstract

Earned Value Management is one of the best known approaches to project
progress control and reporting. It uses information on cost, schedule and work
performance to establish the current status of the project. By means of a few rates
it allows the manager to extrapolate current trends on the project outcome.
However, the method bases on a much simplified model of the project, the input is
reported to be laborious to collect, and the results may be misleading. The paper
outlines the basic principles of the method and discusses its recent modifications
aimed at improving reliability in describing project status, expanding predictive
ability, and allowing for risk control.

Keywords

Earned Value, Project Control, Progress Reporting

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