The earned value concept
taking step one--scope the project
A project manager truly understands his job once he has a tangible metric called 'Done' for the project, a process for managing changes, and a way to know how much of the job has been accomplished at any one point. This article focuses on how to define a project's scope with a Work Breakdown Structure (WBS). In contrast to the organization chart that it resembles, a WBS emphasizes the project, its tasks, and the unique work that must be done to accomplish project objectives. The WBS is an essential part of the earned value concept and can also be a medium with which to negotiate for project resources, set priorities, and measure progress in an integrated, enterprise fashion.