New Results PM Group is building tools to help organizations improve, as earned value management (EVM) moves towards its next tipping point. The future state of earned value management requires organizations to work smarter. We're building the tools they need.
Earned value management seems to hit cyclical tipping points, every twenty-five years (or so). Each cycle, business processes and technology evolve to the next phase.
DoE is helping drive earned value into the next phase. Project management is prone to experiments, fads, and reinventing the wheel. DoD and DoE are experimenting at improving earned value management. DoE will likely update its guidance, requiring national labs and contractors to work smarter.
DoE’s experiments include a major automation component (as well as greater agency-contractor collaboration/interaction). The concept includes automated testing (of trends, variances, metrics) to trigger corrective action planning. That is a good idea and should yield benefits, but suffers from the same assumptions and constraints of all earned value management: trends, variances, and metrics are only as good as the plan.
A good plan requires complex integration: technical, schedule, cost, and risk (like earned value guidelines call for). This is difficult to do well. It is complex, multi-disciplinary, cross-functional integration of subject matter expertise, technology, and more.
If only the solution was as simple as a software application, but it isn’t. There is no silver bullet, but any job is easier if you have the right tools. That’s what we’ve been building: power tools for helping organizations work smarter.
Our power tools framework helps make improvements and build capabilities, by analyzing business process and technology, identifying capability gaps, and designing solutions (process and technology). The framework is built upon a foundation that integrates best practices with requirements (multi-disciplinary, mandated, practical).
This is not a software application, but includes technology components to bridge capability gaps and help build the complex integration (process, technology) required to effectively manage large, complex programs – in a repeatable, sustainable way.
It takes work to work smarter. That work requires know-how and power tools. New Results PM Group looks forward to helping more organizations to work smarter.