E-Business Suite Releases 11i10 FP-M RUP4 to 12.1.2AbstractIntroduced in the 1960's Earned Value Management (EVM) has rapidly become the de facto standard in measuring the progress or overall health of a project. Instead of monitoring single dimensioned attributes (e.g., budgeted cost vs. actual cost) Earned Value Management combines the scope, schedule and cost objectives of a project to provide an integrated and accurate assessment of the overall health of a project. This methodology allows project managers to track the amount of work that had been planned with what was accomplished and actually spent to determine whether the cost and schedule are progressing as planned. With the release of Oracle Projects Family Pack M you can now manage projects using Earned Value Management principles and leverage some of the robust functionality within the Oracle Projects suite. For example, the EVM methodology can be further enhanced by leveraging the Project Exceptions functionality to define specific rules against EVM metrics (such as CPI) and thereby providing an automated control for managing project risk. Exception rules when added to the project can alert project stakeholders when key metric thresholds are violated. Project Managers can then provide insight into corrective measures being taken thereby building a chronological audit of exceptions occurred and corrections being pursued. Request Paper  |
Tuesday, 18 May 2010 22:32
Understanding Earned Value Management within Oracle Projects
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