Question

Explain the essence of Earned Value for projects in your context as a key input for project control. Describe the major issues that were faced, are currently a barrier for the effective use of Earned Value, or which you believe you would face trying to implement Earned Value and how these barriers were resolve or your recommendation for resolving them. (If you believe that Earned Value has no place in project management control functions, provide a concise and compelling rationale for your belief.)

Answer 1

Earned value is an approach where you monitor the project plan, actual work and work completed value to see if everything in a project going according to the plan. It shows how what should have been the resources used for the work done till then. There arw different tools which can be used to assist the things. For example gantt charts, project management tools and softwares are really used to know better understand the project.

The major i faced for a real time project is during construtionof metro bridges for a project in india, there was lot of delay of the project by 3 months although every things related to technology, financial is inline and control. The management of key low level workers created a ruckess for the delay of project having huge financial implications. These things got to know to the top management by only after seeing the gantt chart schedule and present schedule and the project management tools which we used for the project.

The things would have resolved and got to the management stage at the earliest stage, if we had kept a project check officials with them at every key centres to let know their problems. The check would have provided alternatived whih wouldnot have delayed the project for sure..

In the similiar way keep regular checks at different project levels, so it wont become a buffer at later stages of the project. And the deep analysis of project at biweekly or monthly level can account for keeping the project go in time