The drive to reduce costs and improve assurance around project delivery is leading many organisations towards implementing a project performance measurement system. Often this is something they are doing for the first time, and when the client is a government agency, it frequently needs to be based on an Earned Value Management System (EVMS).
Clients within government and elsewhere are increasing the pressure on their suppliers to embed project performance measurement as part of project delivery. This requires individuals to understand earned value, risk and cost management principles, as well as demonstrate the application of techniques and tools in support of managing the project.
Kinley Consulting has plenty of experience in implementing Project Performance Measurement Systems (PPMS) that are based to some degree on the more formal Earned Value Management System, used extensively in the USA. We are conscious that not all organisations are the same, and that goes for the systems they use and approach to implementation as well. They can be driven externally by client requirements, internally to increase efficiency and for any amount of other reasons.
At Kinley, we appreciate the substantial differences between implementing on the basis of a single project to the considerable challenge of a full enterprise deployment, as well as the need to meet contractual guidelines and standards issued by government or other organisations.
There are many benefits to implementing a project performance management system, such as greater project assurance, reduced risk and clearer accountability. All of which will help improve project delivery.
At Kinley, we use Project Performance Measurement System as a label that integrates elements of cost management, budgeting, baseline maintenance, earned value analysis, risk management, advanced planning and others. This helps our clients better understand the true state of their projects and make better, more informed decisions regarding them.
A successful PPMS implementation can result in better visibility of project and programme performance, which provides better control to the project delivery organisation.
Call us today to find out how we can help you on the road to project success.