Basic Earned Value Management Metrics for Design Consultancies
EVM is built on three metrics: Planned value, earned value, and actual cost. Think of these metrics in terms of your project budget and schedule. Planned value represents how you expect to earn your project budget over the duration of the project. Earned value represents what you actually earn as the project progresses. Actual cost…
Read MoreThe Top 3 Concepts Every AEC Project Manager Should Know
The range of concepts a Project Manager of professional services should know spans both technical and commercial aspects of project delivery. The commercial side tends to be the least understood, but is a key area to master in order to drive successful project outcomes. As a Project Manager, your focus is to manage and deliver…
Read MoreShould We Go Glocal?
Entering a new international market is not a decision you make overnight. It requires significant research, planning, and change. Is your firm prepared? To help you succeed in the international marketplace, we’re kicking off a series of blog posts about glocalization best practices and recommendations for effectively doing business internationally. Continue to follow along with us to learn…
Read MoreGoing Glocal: Authentically Melding a Global Brand With Local Resources
Nearly 50% of architecture and engineering CEOs plan to increase their international expansion over the next 5 years, according to EFCG. Are you ready? To help you succeed in the international marketplace, we’re kicking off a series of blog posts about glocalization best practices and recommendations for effectively doing business internationally. Follow along with us to learn…
Read MoreImplementing Earned Value Management in a Design Consultancy
Earned Value Management (EVM) is a technique well-suited for professional services organizations, yet many design consultancies struggle to harness it. However, through thoughtful use of process and technology, your consultancy can make EVM stick – and enjoy improved project delivery. To help you succeed in this, here are five process and technology tips for implementing…
Read MoreAdvanced Earned Value Management Metrics for Design Consultancies
Ben Franklin’s proverbial words “time is money” have special meaning for design consultancies, as successful delivery of professional services involves navigating the intersection of project schedules and project finances. Earned Value Management (EVM) provides direction at this intersection by offering a variety of metrics to assess project health and drive project performance. Let’s build on…
Read MoreAn Introduction to Earned Value Management
Is the project on track? The question is simple, asked every day by design consultancies and their clients. The answer, however, can be hard to come by. All too often, project complexity, disparate project management systems, disconnected internal processes, or some unfortunate combination of these factors can cloud a project manager’s ability to clearly view…
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