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. 

This article was originally published by on the OpusView website on 1/27/2020. It is re-published with permission.

Organizations are under increased pressure to deliver more with less. As a result, resources must be utilized in the most effective way on the highest priority value-delivers. Obviously, the term ‘resources’ may refer to a number of different assets, but here we’re focused on your people – the most important type.

At Pinnacle, we strive to stay abreast of the latest and greatest software tools used in project management. As a partner with many industry-leading tool vendors it is incumbent upon us to know the available tools and how to use them to solve obstacles facing our clients.

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.