Documentation and Earned Value Management
Documentation and Earned Value Management
- Essential Documents
We develop essential documents including standard operating procedures (SOPs), work instructions, quality management system (QMS) documents, and WPS, PQR, and WPQ documents as per AWS.
- Earned Value Management (EVM)
We monitor project performance using EVM metrics such as planned value, earned value, actual cost, cost variance, schedule variance, and cost performance indicator.
Frequently Asked Questions ?
What is Earned Value Management (EVM)?
EVM is a project management technique that combines scope, schedule, and cost data to assess project performance and progress, helping to predict future performance.
How does EVM benefit my projects?
EVM provides an objective measure of project performance, allowing for early identification of potential issues, improved decision-making, and better forecasting of project completion and costs.
What types of documentation do you provide?
We offer comprehensive documentation services, including project plans, progress reports, performance metrics, and any other relevant materials needed to support effective project management.
How is EVM implemented in a project?
EVM is implemented by establishing a baseline for scope, schedule, and cost, then regularly comparing planned versus actual performance to track progress and make adjustments.
Can you assist with EVM training for our team?
Yes, we provide training sessions on EVM methodologies, ensuring your team understands how to effectively implement and utilize EVM for project management.
How often should EVM assessments be conducted?
EVM assessments should be conducted regularly, often at predetermined project milestones or on a monthly basis, to ensure ongoing performance monitoring and timely corrective actions.