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Things Your PMO is Doing Wrong by Michael Hatfield

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CHAPTER 10

De Minimus EVMS Rollout

Numquam ponenda est pluralitas sine necessitate. (Do not assume more variables than neccessary.)

—William of Occam (“Occam's Razor”)

There are two basic methodologies used for assessing project performance: earned value and critical path. But, while critical path is, well, critical to successfully managing a schedule, it can't provide information on cost performance. Earned value not only provides essential information on cost performance but also generates usable schedule performance data as well. Naturally, the optimal information stream includes both of these methodologies; but in an business environment where the PMO director is attempting to advance past CMM® Level 1, it's going to be necessary to select ...

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