Risk and Earned Value

Risk management and earned value are useful complementary tools for managing cost and schedule slippage in projects. EVM has been used to measure cost and schedule variance but it doesn't enable the user to predict likely variances. Risk management is used to identify and handle potential risk but may not help users understand the exact consequences of a risk that is realized. Val Jonas and Lauren Bone's Risk and Earned Value is the first book to pick up on the increasing trend for integrating these two disciplines. The authors provide guidance on both disciplines to enable the risk manager or the EV practitioner to understand each other's disciplines. They then explore how to optimise risk and EV during the project life cycle and show how EV and Risk together support projects in delivering business objectives. The authors include plenty of worked examples of the methods being used and provide an international perspective that looks at project management practice in Australia, the US and Europe and recognizes the increasingly global nature of project and programme management.