Performance Measurement Baseline
Time is Money: The Importance of Earned Value Management
In my previous article, I discussed the importance of a baseline, and how, without one, a PM doesn’t have a yardstick, per se, to measure with. Project Management presents many tools and techniques fo...
Earned Value Management (EVM) in Agile Development
In this article, we are going to explore Earned Value Management (EVM), a widely used traditional management technique, but we are going to look at it within the context of an Agile domain. Let’s cons...
Earned Schedule Management (ESM)
Imagine the following scenario. You are working on a software implementation project, which has 10 modules to complete. The cost of each module is US$100,000, and you want to complete the project in 1...
Contingency Reserve and Management Reserve
Let’s say you are going to a friend’s house, and you expect it to take about an hour to get there. In your city; however, traffic is known to cause delays. If a traffic jam occurs, it will impact your...