Pinnacle Insights

Much has been written about how complicated and difficult Earned Value Management (EVM) can be, and a term that has grown in popularity in response to this perception is “EVM Lite.” One of the problems with the term “EVM Lite” is that it suggests a version of EVM that is incomplete in some way. 

Earned Value Management (EVM) is not a perfect fit for all types of projects. For example, short-term projects, low risk projects, or projects using agile development techniques may not benefit from a full Earned Value Management System (though they may still benefit from a scaled or tailored EVMS). But for most projects, where there is a risk to on-time, on-budget delivery, and where cost and schedule need to be managed, earned value management benefits the project greatly. 

In this last of a three-part blog series, 10 Steps to Achieving and Maintaining EVMS Validation, I will talk about proofing the Earned Value Management System, achieving acceptance, and continuing surveillance. You can read parts one and two here.

This is the second of a three-part blog series, 10 Steps to Achieving and Maintaining EVMS Validation. You can read part one here.

Once the implementation planning process is finalized, it’s time to assign staff. Assigning qualified staff to develop and support the earned value management system is critical to validation success, and this step should not be overlooked.

Achieving Earned Value Management System (EVMS) validation can seem like a daunting undertaking.

Continuing with part four of a four-part blog series, I have been writing about preparing for an Integrated Baseline Review (IBR), and how unnerving and time-consuming it is as your team is collecting data, preparing Control Account Manager (CAM) notebooks, and sitting in mock interviews.

Continuing with part three of a four-part blog series, preparing for an Integrated Baseline Review (IBR) can be an extremely daunting and stressful activity to prepare for and your project execution team must be fully prepared.