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What gets measured gets done

COMMENTARY

Successfully leading profitable business change in the Oil and Gas Project Work Environment in Nigeria

By Lucky Enajite Edjenekpo, CCP, PMP

Warri, Nigeria

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Abstract 

Given the compelling array of benefits that can be derived from the application of earned value management system (EVMS), it is of great concern that this methodology is not practiced as much as it should be in modern day project management practice in the construction and oil and gas industry in Nigeria.

In this paper, the writer argues that the potential lurking in the conscientious application of EVMS in curbing corruption in the construction and oil and gas industry cannot be overlooked by serious minded profit oriented project management practitioners and business owners whose activities revolve around project management in Nigeria.

The vast collection of abandoned projects that adorn the landscape of the construction industry environment speaks volumes. The onus lies on the practitioners themselves to help reduce, if not entirely eliminate, this phenomenon by adding to their arsenal the judicious use of the earned value management system.

Key words: Earned Value Management, Earned Value, Projects; Earned Schedule

Introduction 

It is tough to figure out where you are heading if you do not have a good idea of where you are. The statement ‘what gets measured gets done’ has been described as the ‘soundest management advice’ of all times (Peters, 1986:1). I agree with this statement.

“What gets measured gets done” is a popular saying used to highlight the importance of performance measurement in the work environment. Performance measurements through the use of metrics in businesses around the world are often referred to as Key Performance Indicators (KPIs). Key performance indicators, according to Bernard Marr, are the ‘vital navigation instruments used by managers to understand whether their business is on a successful voyage or whether it is veering off the prosperous path’ (Marr, 2012: XXV). 

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About the Author

lucky-enajite-edjenekpoLucky Enajite Edjenekpo, CCP, PMPflag-nigeria

Warri, Nigeria

Lucky Enajite Edjenekpo is an oil and gas professional with over 24 years’ experience in project management and operations management. He is currently the Support Services/Nigerian Content Manager at Exterran Nigeria Limited, Nigeria. Lucky holds a bachelor degree in Mechanical Engineering and a master’s degree in Engineering Management from the University of Benin (UNIBEN), Nigeria and MBA (Leadership and Sustainability) from the University of Cumbria, UK. Lucky is a Certified Cost Professional (CCP) and a certified Project Management Professional (PMP), driven by passion to advance project management practice and maintenance service delivery. He lives in Warri, Nigeria and can be contacted at [email protected].

To view other works by Lucky Edjenekpo, visit his author showcase in the PM World Library at http://pmworldlibrary.net/authors/lucky-enajite-edjenekpo/