iSixSigma

earned value management

Use Earned Value Management for Process Improvement

Whenever there is an issue in a process, attempts are made to identify the process step that is causing the problem, identify the root cause and come up with a corrective or preventive action. The time taken to identify the “right” process step is directly proportional to the number of process steps involved and it…

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Manage Project Performance with EVM and Control Charts

This article introduces the concept of earned value management (EVM) indexes, a project assessment technique, and control charts, a statistical tool for monitoring variation in a process, and describes how both may be used in tangent to capture more insight from project performance.  What to Know About EVM Indexes EVM is a project management technique…

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