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An Effective Earned Value Management System (EVMS) is a Team Sport.

Authors :
Aramali, Vartenie
Gibson Jr., G. Edward
Asmar, Mounir El
Sanboskani, Hala
Source :
Project Management Journal; Aug2024, Vol. 55 Issue 4, p389-405, 17p, 3 Diagrams, 5 Charts, 1 Graph
Publication Year :
2024

Abstract

Abstract We present a novel framework to assess 27 earned value management system (EVMS) environment factors and investigate their impact on project performance. A study of the EVMS literature, a survey of practitioners, and focus group meetings with 36 EVMS industry and government experts, supported the development of the framework. Focus groups involving 80 practitioners refined and tested it. We analyzed performance data from 35 completed projects/programs representing over US$21.8 billion in total cost; a project demonstrating a positive environment could save up to 25% in cost versus baseline. Practitioners can develop an effective EVMS environment by following the provided guidance. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
87569728
Volume :
55
Issue :
4
Database :
Complementary Index
Journal :
Project Management Journal
Publication Type :
Academic Journal
Accession number :
178846153
Full Text :
https://doi.org/10.1177/87569728231226226