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This activity helps managers better establish the scope of the project. This is useful in determining the objectives that must be reached by the project in case. This leads to increased efficiency of the project team. In addition to this, earned value management is used by project managers in order to improve the analysis activity of the performance regarding the team's work and the project. This strategy also helps project managers to better establish the costs that the project is likely to require (Chapman, 1997).
b) Earned value management is an important technique used by project managers in order to evaluate the efficiency and performance of different projects. The importance of this method relies on the fact that it allows managers to objectively evaluate the performance of their projects. This strategy is mostly used by team leaders in evaluating the objectives of the project. They also measure the schedule of the project and its costs, which helps identify and reduce some of the risks associated with these projects.
The use of this method is also intended to improve activities like planning and control. These activities are important in identifying the problems that can affect the progress of the project. The success of the project can also be analyzed with earned value management. This technique can be applied in simple or advanced strategies, in accordance with the requirements of each project.
c) Project managers orient towards different techniques when analyzing the performance of certain projects. In order to reach this objective, some of project managers use earned value management. This technique is used in situations where it is necessary to objectively evaluate the performance and progress of different projects. Some of team leaders prefer...
This strategy can also be applied when trying to evaluate the schedule and the costs required by projects. Therefore, it is important to integrate these objectives into a system.
Earned value management provides efficient results in the case of activities that refer to planning and control. This is because the technique allows project managers to focus on evaluating the objectives of the projects they are developing. The technique based on earned value management helps the project team improve its efficiency and productivity.
Reference list:
1. Midura, D. & Glover, D. (2005). Essentials of Team Building. Retrieved September 20, 2011 from http://books.google.ro/books?id=ZZ6l6fj3VlQC&printsec=frontcover&dq=team+building&hl=ro#v=onepage&q&f=false.
2. Wallace, S. (2007). Team Building, Collaboration, and Communication. Retrieved September 22, 2011 from http://www.epmbook.com/team.htm.
3. McNamara, C. (2010). How to Build Highly Effective Teams. Management Library. Retrieved September 22, 2011 from http://managementhelp.org/groups/team-building.htm.
4. Borysowich, C. (2008). Team Building Approaches: Project Communications. Retrieved September 22, 2011 from http://it.toolbox.com/blogs/enterprise-solutions/team-building-approaches-project-communications-21901.
5. Dwivedi, U. (2011). Earned Value Management Explained. Project Smart. Retrieved September 22, 2011 from http://www.projectsmart.co.uk/earned-value-management-explained.html.
6. Chapman, J. (1997). Earned Value Management. Retrieved September 22, 2011 from http://www.hyperthot.com/pm_cscs.htm.
Reference list:
1. Midura, D. & Glover, D. (2005). Essentials of Team Building. Retrieved September 20, 2011 from http://books.google.ro/books?id=ZZ6l6fj3VlQC&printsec=frontcover&dq=team+building&hl=ro#v=onepage&q&f=false.
2. Wallace, S. (2007). Team Building, Collaboration, and Communication. Retrieved September 22, 2011 from http://www.epmbook.com/team.htm.
3. McNamara, C. (2010). How to Build Highly Effective Teams. Management Library. Retrieved September 22, 2011 from http://managementhelp.org/groups/team-building.htm.
4. Borysowich, C. (2008). Team Building Approaches: Project Communications. Retrieved September 22, 2011 from http://it.toolbox.com/blogs/enterprise-solutions/team-building-approaches-project-communications-21901.
5. Dwivedi, U. (2011). Earned Value Management Explained. Project Smart. Retrieved September 22, 2011 from http://www.projectsmart.co.uk/earned-value-management-explained.html.
6. Chapman, J. (1997). Earned Value Management. Retrieved September 22, 2011 from http://www.hyperthot.com/pm_cscs.htm.
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