Issues in the Effective Use of Earned Value Management
LO 13.5 Understand critical issues in the effective use of Earned Value Management.
As with any other metric that helps us understand the true status of an ongoing project, the key to effective use of EVM lies in providing accurate and up-to-date information on the project, particularly in terms of the percentage of work packages completed. Because this information is key to determining the earned value at any point in time, the calculated EV is only as accurate as project team members and managers allow it to be through developing and enforcing an honest reporting system.
In our Project Mercury example shown earlier (Table 13.4), the percentage completion column included values of 100, ...
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