Earned Value Management (EVM) enables reporting progress for the purpose of evaluating performance against initial approved baselines

Dubai, July 17, 2006 - Collaboration Management and Control Solutions (CMCS), the leading provider of project portfolio information management in the Middle East, has urged organizations in the region to deploy Earned Value Management (EVM) applications and follow EVM disciplines in order to protect the performance of their capital investment 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.

For further information on EVM, please visit http://www.cmcs.ae

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About CMCS
CMCS provides global cutting-edge solutions based on implementing best practices, coupled with professional development and training programs. CMCS applications integrate strategies and action plans into a single database providing executives with a road map to achieve their visions and desired results.

CMCS project portfolio management prioritizes actions which are managed by transforming ideas and needs into products and services, implementing proven project management practices and assessing results.

CMCS's mission is to provide proven project, portfolio and risk management solutions for organizations whose growth depends on the creation and maintenance of assets. These assets include facilities, information technology and human resources, among others.

CMCS provides its broad range of solutions all over the Middle East and North Africa. 

CMCS Contact:                                    
Bita Riahi                                                         
CMCS                                                              
Management Solutions Manager            
Tel: + 9714 3432148                                          
Fax: +9714 3438756

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Prem Ramchandran 
ASDA'A Public Relations
Tel: +971 4 3344550
Fax: +971 4 3344556

2005 Collaboration, Management & Control Solutions (CMCS) FZ-LLC. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

© Press Release 2006