ABSTRACT

This chapter addresses the failure in project management with the understanding that well-executed Project Planning and Control (PP&C) helps address and mitigate each of these causes for failure. For organizations with an Earned Value Management (EVM) requirement, the schedule informs performance measurement. The chapter describes what an Integrated Master Schedule (IMS) is and how it differs from a schedule. Resource leveling occurs when, after loading resources, the level of required resources exceeds the quantity of available resources. EVM is a tool that was born circa the 1960s out of the need for improved management of increasingly complex Department of Defense programs. Projects have indeed become larger and more complex over time. The value of EVM is that it introduced the concept of measuring work performance instead of the old way of doing things: simply comparing the planned budget with the actual costs.