Controlling the triple constraint trough earned value – Niels Ligtvoet
Applying Earned Value Management (EVM) principles to your project has significant advantages, especially in integrating scope, time and cost. This technique invented by the US Department of Defense adds excellent insight into the health of your schedule and its financial health, which the financial project controller typically cannot provide because of payment and invoicing delays.
During this full-day session, we will cover the basic calculations and apply them to a case project to get a greater grip on it. The teacher shares real-life takeaways from an implementation project in Belgium in the afternoon. A tier 2 implementation was conducted, and some invaluable lessons were learned, which he´s happy to share. Later, an improved version of the technique will be proposed. This proposal deals with the key takeaways and some of the observed pitfalls of applying the original technique. We end the day through a panel discussion on the future of EVM, where all your open questions will be answered.