CHAPTER 2
Basic Concepts of Earned Value Management
Percentage spent is not percentage done! Does this statement surprise you? Many projects exceed their budget yet still fail to deliver the promised outcome. If percentage spent was percentage complete, when 100% of the project budget is spent the project would be done and everyone would be happy. Most project managers know firsthand this is rarely the case. Percentage spent simply makes a statement about financial expenditures; it is not an indicator of project progress.
The same holds true for time. Spending time on a project does not mean the work is being accomplished at an appropriate pace, ...
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