What is the most important earned value measurement one can share with management when reporting project status?

Question

Project Managers can report status to management in a variety of ways.

The worst thing to ever say is "the project is going good "or "the project is doing badly"

Maybe even worst than those comments is to say "I do not know".

Management needs details so that they can make a decision on if to terminate the project, bring on more project team members, or if to ask the sponsor for more time to get milestones achieved.

What earned value measurement is the one measurement management would appreciate best?

Elaine Jackson, BS, PMP, GPM-b, CB-PMP

Answer 1

This answer is in the PMBOK in the COST MANAGENENT knowledge area.

answer --> cost performance index CPI

It measures the cost efficiency for work completed

1. measurements lower than 1.0 = cost overrun -> you have spent more than your budget
2. measurements more than 1.0 = cost underrun -> you have yet to spend up to your budget
3. measurements of 1.0 = for work delivered, you have achieved equal value in cost, 1:1

When we cover this segment of knowledge there will be many examples covered and you will be encouraged to depend of cases from current and past projects to drive your knowledge of understanding

this for the PMP Exam and for used on future project work.

The training you do for your PMP is not only for the sake of passing an exam!

This training and others are to prepare you to deliver best project results for your organization.

I look forward to sharing my passing solutions for project management PMP Exam with you,

Students that proclaim to 'hate math'.... slip up and state they love doing problems with math solutions.

It is all about having the right instructor teaching the right materials.

Elaine Jackson, BS, PMP, GPM-b, CB-PMO

Holistic Project Management Consulting