Earned Value Management has long been a cornerstone of effective project control, providing a structured approach to tracking progress and program performance over the decades. But where did this powerful system originate, and how did it become a standard for managing large projects and multi-billion-dollar programs across industries? The story of the 32 Earned Value […]
Earned Value Management (EVM) has been a significant focus in the U.S. for decades, particularly because the government explicitly requires EVM from its suppliers for large contracts. Not only does the government mandate EVM for projects above a certain size, but it also validates the Earned Value Management System (EVMS) of its subcontractors after work […]
With agile projects not only mobile apps or application software are developed—agile projects are more and more used in larger and complex development projects and programs in the industry where software is embedded in large technical systems. This article gives you an overview of how Earned Value Management (EVM) can be applied to complex projects […]
Project control methods are used to detect deviations from the planned values at an early stage and to get the project back on track with effective measures. There are more complex and simpler project control methods. In this article you will get an overview of the different methods, their effort and benefits and the knowledge […]
Earned Value Management is the most powerful project control method you can apply. In this article I will show you how you calculate the EVM performance indicators Schedule Variance (SV), Cost Variance (CV), Schedule Performance Indicator (SPI) and Cost Performance Indicator (CPI) to monitor your project and how to display them in graphs. These performance […]
Calculating the Earned Value of work packages is relatively easy. But how is the Earned Value of the overall project calculated? This interesting question was recently asked by a reader of my blog. This article shows how you do this and what the basics are. Recently I got an interesting question about the calculation of […]
If you want or need to apply Earned Value Management (EVM), you will very often be confronted with the EIA-748 standard with the the 32 EVMS Criteria. This standard has been around since 1998, but has a long history. In April 2018, ISO published its own EMV standard, ISO 21508, for the first time. In […]