Applying Earned Value Management successfully

Applying-Earned-Value-Management-successfully - WorkAsOne ­ When is Earned Value Management (EVM) applicable? We say: in every single construction project. We are not the only ones who think so. Association for the Advancement of Cost Engineering (AACE), being more function and detail-oriented, addresses this at length in their Recommended Practices. AACE defines two key concepts in EVM: …

Total Cost Management Framework (TCM) by AACE and the Project Management Body of Knowledge (PMBOK) by PMI, a comparison #1

Past one month I was busy researching the Total Cost Management (TCM) framework by AACE. What differentiates TCM from PMBOK are the depth of the recommended practices (RPs) of TCM. These are the real project management practitioner's voice.  The recommended practices addresses the real life project management challenges from a practitioner's perspective, helping them to …