Details

Technical Note

Educator Copy

Earned Value Management & Analysis

Muhammad Abdur Rahman Malik, Arif Iqbal Rana, Sheharyar Raf


INDUSTRY :

AREA : Management Information Systems

ORGANIZATION : The Provincial Food Department

LENGTH : 20

LUMS No : 03-838-2014-2

PUBLICATION YEAR : 2014

DESCRIPTION

KEYWORDS:

Earned Value Management & Analysis,ADB,Project Portfolio Management,Monitoring & Evaluation,Project Management,Performance Management Systemn


DESCRIPTION:

This note introduces the Earned Value Management (EVM) system that provides a framework for project monitoring based on the project¿s physical and financial indicators. EVM assesses health of any project against both cost and schedule, and hence provides a solution to the project management issues faced in public sector organisations. Although EVM is simple and easy to use, the public sector in Pakistan has largely overlooked this project measurement and management system. The current note intends to fill this gap. Although the note can be used as a standalone teaching resource, its intended use is in combination with the following case: Rehabilitation of Lower Chenab Canal Eastern: Challenges in Project Performance Management


LEARNING OBJECTIVES:

1)Highlight the issues of conventional project management system in Pakistan's public sector. 2) Introduce the concept of Earned Value Management. 3) Explain the analyses based on EVM, using step-by-step calculations. 4) Show how EVM can help in effective monitoring and management of public sector projects.


SUBJECTS COVERED:

Management Information Systems (MIS)