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EVM Myth #2: EVM is Only Useful for Large/Long-term Projects

EVM Myth #2: EVM is Only Useful for Large/Long-term Projects (#2 in the series The Seven Deadly Myths of Earned Value Methods in Project Management)
By Keith Custer

Almost every project, regardless of size or duration, can benefit greatly from Earned Value Management (EVM) techniques. Numerous studies have confirmed the value of EVM in large projects. You might also note that the US government now mandates EVM techniques on any internal or external project over $20 million (which by today’s standards is not that large!)

On smaller and usually shorter projects it may be necessary to increase the reporting cycle frequency to get timely results – from monthly to, say, weekly, or even daily for very short projects. Many smaller projects find that their Actual Cost reporting systems can’t easily report in these short periods, so Project Managers either do a good deal of extra manual tracking or forego some of the benefits (like weekly cost variances) of EVM. Read the Complete Article


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1 – A1 Enterprise 286 – Karl Fischer
2 – Aaron Sanders 287 – Kathlika Thomas
3 – Abdulla Alkuwaiti 288 – Katy Whitton
4 – Abhijat Saraswat 289 – Kay Wais
5 – Abhilash Gopi 290 – Kaz Young
6 – Adam Leggett 291 – Keith Custer
7 – Ade Miller 292 – Keith L.
Read the Complete Article

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