Earned value : Using Weighted minestones technic
Forum Sponsor
Top Posters
Nick Johnson-Pond
3 posts
sairedz25
0 posts
Ahmed Awad
2 posts
Syed Shoeb
0 posts
Vimukthi
0 posts
bal aji
2 posts
Lee Mallek
23 posts
Viet Tran
9 posts
Ola Gbotoso
0 posts
Jaturapit Multongka
1 posts
You can use weighted milestones in a conservative manner.
i.e, you can assign slighlty less value on key milestones than you would typically expect to earn on activities up to that point.
If you were managing a massive design programme made up of several design offices, each using a similar design lifecycle, then this planning method can be used to challenge the design/project managers.
The fact that each manger cant claim any value whatsoever until they reach that first milestone could make design office managers perform slightly better.
Imagine a horse race where the jockey wins more money for each fence he reaches. Hes going to flog the engineers, i mean horses.
KD,
it will really depend on the circumstance that you wish to use them in.
I have previously used weigheted milestones as indicators in my master schedule of the progress of a contractor, or the identification of progress payments across a large control account.
So it really is up to you how you applt the theory, as long as you document why your doing it that way so the project manager can understand it you will be OK.
Andy