Earned Value Management Project Management Research Paper

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Most of these limitations can be attributed to project managers that use this technique.

Some of the specialists in the field consider that the success of strategies based on earned value management relies on the project managers in case. This means that companies must orient towards project managers with proper skills that can be addressed. Therefore, the recruitment and selection process is very important when developing the project team. Companies must develop a set of characteristics and quality standards that must be reached by project managers and their teams.

In addition to this, the strategy based on earned value management must be developed in accordance with the activity, objectives, and requirements of each project. This is because the different characteristics of projects determine different types of earned value management. Smaller projects are more difficult to address with this technique. Therefore, it is important to focus on the issues that present greater importance and increased levels of risk.

In order to reach this objective, it is recommended that companies invest in training programs. This is intended to improve the skills of project managers regarding the use of earned value management. This activity must be included in companies' human resources management. The resources required by such activities must be increased in order to ensure their success.

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This strategy is intended to help project managers increase their efficiency and productivity.

Reference list:

1. Budd, C. (2010). A Practical Guide to Earned Value Project Management. Management Concept, Inc. Retrieved October 11, 2011 from http://books.google.ro/books?id=m023fnwSeCcC&printsec=frontcover&dq=earned+value+management&hl=ro#v=onepage&q&f=false.

2. Earned Value Project Management Processes and Systems (2011). PMIS Consulting, Ltd. Retrieved October 13, 2011 from http://www.pmis.co.uk/earned_value_management.htm.

3. Solanki, P. (2009). Earned Value Management: Integrated View of Cost and Schedule Performance. Retrieved October 13, 2011 from http://books.google.ro/books?id=4lmXKNR46tIC&pg=PA1&dq=earned+value+management&hl=ro#v=onepage&q&f=false.

4. Cleland, D. & Ireland, L. (2007). Project Management: Strategic Design and Implementation. McGraw-Hill. Retrieved October 13, 2011 from http://books.google.ro/books?id=cjrz0Z_YQW0C&pg=PA347&dq=earned+value+management&hl=ro#v=onepage&q=earned%20value%20management&f=false.

5. Kerzner, H. (2009). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Retrieved October 13, 2011 from http://books.google.ro/books?id=Ka9K-61xXssC&pg=PT740&dq=earned+value+management&hl=ro#v=onepage&q=earned%20value%20management&f=false......

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