Earned Schedule (ES) is a strategy that uses money or work hours to plan and monitor projects, instead of traditional time increments. It is based on earned value management (EVM) and allows for more efficient and flexible project management. It has both supporters and critics.
Program Realized (ES) is a strategy or practice that uses the concept of setting and monitoring programs based on money or number of hours worked rather than the more traditional approach of planning based on time increments. The idea is that at various stages in the life of any ongoing project or operation, the effectiveness of time-incremented programs becomes less efficient. Instead of finding ways around those inefficiencies, using another basis for building the program can actually help you successfully complete the tasks associated with the business.
The idea of the earned program is based on a more established concept known as earned value management (EVM). Developing an earned program involves the practical application of EVM to determine the most efficient way to structure the program. Based on factors relevant to the current project, using money as a basis for planning and associating a currency value with each stage of the process can allow you to more accurately assess the forward movement of your project. At the same time, choosing to base your program on the number of work hours associated with each stage or stage can also help plan the sequence and duration of each stage so that you don’t waste time or other resources. The concept of an earned schedule does not necessarily preclude the use of the more traditional use of time increments in schedule organization. Rather, the idea is to look at the project from more than one angle, then decide which combination of strategies to incorporate into the work programme.
Creating an earned schedule based on alternate values of money or hours worked can help you avoid some of the limitations sometimes inherent in establishing a schedule based solely on time increments. Since the program is driven by factors other than a set number of minutes per activity, there is room to handle unexpected events without necessarily derailing the program itself. From this point of view, the ability of project participants to work with a project manager and develop ways to overcome obstacles has the potential to make the most of all the skills and competences found in the project team.
There is a difference of opinion about the effectiveness of the earned program. Proponents of more traditional methods cite the continued use of these methods over many years, as well as the fact that any problems that may arise using such methods can usually be compensated for at some point during the project. Proponents of the earned program take note of the expanded options for arranging activities, including the ability to allow for more creative solutions to emerge that can actually deliver superior results.
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