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Project Management Blog
Monday, 09 April 2007 08:24

Audit Failures

I have a friend who used to work for the Internal Revenue Service (IRS) as a tax collector for the United States.  When he performed an audit he expected you to be honest and work with him to determine what was owed.  He had the authority to make your life miserable if you chose to mess around.  After trying unsuccessfully on one case to work through issues with an individual he showed up at the company before 6:00 AM with padlocks and chains to impound all of the vehicles.  In concert with this move he froze all financial assets as soon as the bank opened. 
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Thursday, 25 January 2007 20:56

Cost Performance Measurements

Earned Value - Earned value management is a project management technique for estimating how a project is doing in terms of its budget and schedule. It compares the work finished so far with the estimates made in the beginning of the project. This gives a measure of how far the project is from completion. Through EV the project manager can get an estimate on how much resources the project will have used at completion. “Earned Value Analysis” is an industry standard way to measure a project’s progress, forecast its completion date and final cost and provide schedule and budget variances along the way. By integrating three measurements, it provides consistent, numerical indicators with which you can evaluate and compare projects.

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