Anecdotal version: “You have a project with a budget of $1,000 that is 80% complete but you’ve only spent $600 of your budget on it so far. That’s one healthy project! We should do this more often!”
Earned Value Management (EVM) is a tool that can help the creative agency get a quick look at the overall health of a project. I want to review a couple of the key concepts of EVM and apply it to a health check that can be performed on a project over time to give the creative agency project manager a useful report to check on a project’s health.
If you’ve read any of my other posts you can tell I really go for the concepts that apply rules to creative agency project management. A concept as succinct and transmutable to business applications as The Rule of Seven is quite appealing to me. In his article, Modeling business processes with the Rule of Seven, Jonas A. Zahn spells out a great use of the rule in regards to documenting process. He applies the rule to effectively “cut away the fat” of for business process modeling (BPMN). I love this idea and I would like to extend this construct the creative project.
Can you recall being in grade school and learning the inverted pyramid system of writing expository essays? The system stipulates your introduction ought to be started out broad and then focus to a thesis point. Conversely, in the essay’s conclusion, you should reverse the process by recapping your thesis and move out to broad strokes that recap the points of your essay. I’ve always liked this model and would I like to propose that its simple relationship can be translated into a project management scenario in the creative agency. Specifically, the inverse pyramid model has value in the realm of closing processes in the creative agency project.
Mention the word standardization in the creative agency an you are likely to see an abrupt change in the countenance of your audience. The two terms, at face value, seem at odds with one another. How can you standardize something as intrinsically unique as creativity? Skilled project management professionals within the creative agency should be able to find the fundamental basics of project work-flow the that can be standardized across what would seem vastly different project types.