"Project and program management is the art and science of planning, controlling and tracking of activities and resources to achieve the organization’s strategic and business objectives."

The Earned Value method to keep track of project performance

This method is a little different from the classical approach of keeping track of project performance. It has an extra variable that represents the actual cost of the work done at a given point, and it is obtained from the organisation 's accounting system. This data is compared with the earned value to show the project's performance situation running over or under. So, it's possible, at any given point, to compare how much actual work has been completed against how much is expected to be completed. This makes it possible to measure performance and predict the outcome of project.

Published by Bruno Ciano
Start of my discussion on Project and Program ManagementWhy do we need to implement project management?Defining a project
Project behaviour during lifecycleThe differences between Project, Operation and ProgramProject Variables
Project Manager's RoleProject Management Life CycleProject Environment
Project's Organizational Structures - FunctionalProject's Organizational Structures - MatrixProject's Organizational Structures - Team
Visualizing ProcessesStructuring into formsThe Earned Value method to keep track of project performance
TeleworkingProgram ManagementFunctional Analysis
The Needs/Requirements Life CycleUsing PERT for estimating tasksProject Cost
A simple way to software sizing measuresRisk ManagementWork Breakdown Structure (WBS)
WBS & OBS Matrix TableProject Estmating TechniquesProject Cost: building the project resource sheet
Validating The Project EstimateProject Scheduling by MilestonesProject Scheduling by Gantt Charts
Project Scheduling using PDM - Project Network DiagramProject Network Diagram AnalysisProject Opportunities from Cause-Effect Case Analysis
Build and Deploy a Project using OO technologyProject Network Diagram Information and DataA graphical representation of a typical project and product management approach and the relationship throughout their life cycle
A Global PMO Work ModelA Simple Method for Keeping Track of Project Performance using the Earned Value MethodMultiple Projects Performance Analysis using the Earned Value Method
Forecasting Project Costs using Variance AnalysisSizing Applications from User PerspectiveA Metric System for Measuring the Degree of Success of Managed Service Requests
Follow-Up: Estimating using PERT based on Beta Distribution ModelAn approach to a Cost Effective Software SolutionVisualizing the state of projects using geometric figures
A Project Management Method - Graphically