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An Effective Earned Value Management System (EVMS) is a Team Sport.
- 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]
- Subjects :
- EARNED value management
TEAM sports
FOCUS groups
Subjects
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