CMCS urges organizations to follow Earned Value Management disciplines to protect the performance of their capital investments projects

EVM measures the value of work on a project against its cost. It integrates cost, schedule and technical performance measures in order to monitor and control project resources and compare a project's results with one set of metrics. This enables project teams to assess their efficiency in accomplishing completed work.

"Organizations that recognize monitoring the performance of their Capital Investment Projects as a crucial element for the success of their business, should be aware that much of the data they receive are merely reporting the progress on how their investments are being consumed and not necessarily on how they are performing," said Bassam Samman, CEO and Founder of CMCS.

"The ability to report and control reliable progress and performance metrics across multiple projects is necessary to protect profits. The only way to achieve reliable project cost estimates, evaluate current progress and analyze schedule and cost performance trends is to employ the discipline of Earned Value Management (EVM)."

According to a global study sponsored by Primavera, the world's leading project and portfolio management software company, 25 percent of executives are unfamiliar with the project management methodology, and 21 percent lack personnel trained in EVM.

EVM applications provide enormous benefits to the successful completion of projects. They give organizations advance warning when their IT projects are running behind schedule and over budget, as evaluate status and identify risks as they appear. Additionally, they prioritize projects and resources to best meet business needs.