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Time is Money: The Importance of Earned Value Management

MPUG

It compares costs and schedules to a baseline to determine if the project is on track. Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. To understand truly that ‘time is money,’ you need to use EVM in your projects.

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Risk Management Resources

Herding Cats

A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, Decision Support Systems , Elsevier, 2011. “A Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R. The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128, 1, March 2014.

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A Compendium of Risk Management Resources

Herding Cats

A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, Decision Support Systems , Elsevier, 2011. “A Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R. The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128, 1, March 2014.

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How Stakeholder Interaction and Engagement Impacts Project Complexity

International Institute for Learning

complexity dimensions) that impact projects, included literature review, survey, case studies analysis, and detailed interviews. Some practical recommendations are listed below: – Communicate with the stakeholders to determine their expectations for the project. Let’s start by the definition of stakeholder.