Project Management Institute

Everything you wanted to know about time-centric earned value

Earned value systems are one of the project manager's trusted tools, but are often considered too involved and costly for many commercial projects. The purpose of earned value systems is to measure a project's scope and objective and predict outcome at completionusing units of measure which reflect the project's core value. Traditionally, these systems are cost-centric, giving cost the highest value. However, time rather than money is the highest priority for many projects, and the article describes a time-centric earned value system which can lead to improved project performance and satisfaction. A consistent focus on getting tasks started and (especially) finished was proven to stimulate project improvement. The advantages and disadvantages of this earned-start-finish system are discussed, and applied in a hypothetical case.
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