Volume 1, Number 1 - April 2006 Current Issue | Previous Issues | Contact Us | xpdoffice Home
Benefits of Earned Value Management

The goal of any project manager is to control the project - to make absolutely certain that it comes in on time, on budget and without cost overruns. You need to see the potential for overruns, be concerned with risk management, and deal with the likelihood of failure before it happens or before the budget runs out.

So how does xpdoffice make this a reality? xpdoffice is designed so that you are able to control and maintain your projects before they get out of hand. You need earned value management principles and practices. xpdoffice will give you earned value management.

xpdoffice is a single management control package that always provides reliable and accurate data. It provides a work breakdown structure by integrating schedule, work and cost. Likewise, historical data about completed projects is always available at any time. By using the cost performance index and the schedule performance index, xpdoffice easily predicts the project's final cost. And through its in-depth earned value reporting capablities, xpdoffice allows for evaluation of a forecasted final cost of any project.

xpdoffice is information rich, but it still allows for the management by exception principle to reduce information overload. And, organizations are able to determine early on if the necessary staff has been added to a project. xpdoffice makes it simple to determine whether funding cuts will actually effect cash flow or if price and usage are responsible for cost variances, and it integrates with scheduling software as well.

xpdoffice supports multiple performance measurement techniques. This makes for easy and objective measurements of performance. Earned and actual hours are stored in xpdoffice allowing price and usage variances to be calculated.

Earned Value Management is a definite reality with xpdoffice. You need more than good luck and simple diligence to accomplish EVM principles and practices. With xpdoffice it all comes naturally - automatically.

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