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Doubling the chance of project success

By: Contributor(s): Language: English Series: Project ; 17(4) August/September 2004, 36-38(3)Publication details: 2004Subject(s): Summary: Suggests that estimating the completion date of a project and ensuring that it stays on track and within budget is a highly skilled task. Highlights risk management and earned value management, which represent two ways commonly used to manage large-scale projects. Reviews the use of both methods in partnership. Concludes the benefits of this integration include earlier, better-informed management decisions made about developments in a project. This will increase the likelihood that key targets are met and problems are mitigated. Diagrams.

Suggests that estimating the completion date of a project and ensuring that it stays on track and within budget is a highly skilled task. Highlights risk management and earned value management, which represent two ways commonly used to manage large-scale projects. Reviews the use of both methods in partnership. Concludes the benefits of this integration include earlier, better-informed management decisions made about developments in a project. This will increase the likelihood that key targets are met and problems are mitigated. Diagrams.