A few weeks ago, I commented on Part 1
of a three-part series on Earned Value Management on Projects@Work
While Part 1 set the stage and illustrated some of the challenges of EVM, Part 2 of this excellent series offers some excellent case studies and learnings.
For instance, the US government agency, OPM (Office of Personnel Management) cites the following critical success factors:
- Continuous executive sponsorship (not just up front)
- Committment to funding for adequate tools and training
- Adequate allocation of project managers' time to manage using this system
- Piloting EVM in a small group of projects to illustrate success and fine tune the details
- Not underestimating the culture change management required, involving employees, managers, and timekeepers. Regularly maintained training and job aids are critical.
Another organization, Inter-Coastal Electronics, cites having shallow, simple WBS templates in their ERP system as a key success factor. They claim that a WBS that's too granular becomes too difficult to manage. I couldn't agree more.
I highly recommend this series to anyone attempting to introduce Earned Value Management in their organizations.http://www.projectsatwork.com/content/Articles/230753.cfm
Labels: change-management, culture, earned-value, erp-project, evm, it-project, job, project-management-office, project-manager, small-project, tools, training, value, value-management