The Seven Principles Of Project Performance Management

The are many principles of project performance management. From the Earned Value Management domain, here are the 7 core principles.

1. Plan the Work
2. Break Down the project work scope into finite pieces that can be assigned to a responsible person or organization for control of technical, schedule, and cost objectives
3. Integrate project work scope, schedule, and cost objectives into a Performance Measurement Baseline (PMB) plan against which accomplishments can be measured and control changes to the baseline.
4. Use Actual Costs incurred and recorded in accomplishing the work performed.
5. Objectively assess accomplishments at the work–performed level.
6. Analyze significant variances from the plan, forecast impacts, and prepare an Estimate at Completion (EAC) based on performance to date and work to be performed.
7. Use project performance information in the management decision making processes.

These principles are actually independent of the use of Earned Value