Time and Cost Controlling with Earned Value Technique - Yellow Pages Directory Case Study

Abstract

The goal of this paper is to present one of the best project management control practice – earned value technique (EV, also known as earned value management system, EVMS). EV will be presented not only from theoretical point of view, but also with regard to its practical utilization in the website development project case study undertaken by small software development company. Since its beginning Earned Value has proven to be very useful project control method which allows project managers to track project progress, identify its deviations from baseline as well as to provide precise forecasts of future course of the project. Widely recognized as a valuable tool EV is used by project managers across all industries: manufacturing, pharmaceutical, high-tech, IT alike