Practical sheet | REF: FIC0429 V1

The contribution of value reasoning to different areas of management

Author: Olaf DE HEMMER

Publication date: August 10, 2011 | Lire en français

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3. Company value and development

3.1 Projects

Project management is a major discipline, either for the constant improvement of companies, or for those whose activities are organized around projects.

The Earned Value Management method

This method significantly improves project management by tracking not only expenditure and planning, but also the delivery of expected partial results.

The "theory of constraints", developed for industrial processes, has found a relevant application in projects, where it aims to eliminate bottlenecks. For example, it encourages those involved to plan projects without taking into account the time needed to manage contingencies, and then to add "contingency" time at the end of the "nominal"...

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