Ingredients for success deployment of Earned-Value Management in projects

Culture shift is essential – every Project Team must understand the working of EVM

model

Also, culture shift needs to be managed and supported well

Besides accurate WBS, accurate planning, scheduling and proper costing of work

packages(PV) at frequency points of measurement is the first step towards

successful EVM implementation. Costing to include all the costs that will be incurred

(Direct, Indirect, Fixed and Variable costs covering all resources including human

resources)

It is absolutely essential to measure the work completed(earned

back ie EV) at each task level and at the project level either in

terms of % of work scheduled, or absolute $ value

To get a true picture of all Costs incurred (AC) between two

frequency of measurement points, all costs – Direct, Indirect,

Fixed and Variable incurred at every task level must be recorded.

Replanning the work at every change is critical. Use of automated

tools will ease out this process

Frequency of measurement of PV, EV and AC is critical. It must be

optimum suiting the duration of the project, neither low nor high

It is absolutely essential to record all project costs on a daily basis

or at an appropriate frequency in line with the Frequency of

measurement of EVM values