EVM2—A New Look at the Earned Value Management Model

Abstract

The project management world of Earned Value (EV) analysis is due for a major shakeup. We are now entering the broad acceptance stage for this topic and the availability of computer software to spit out misunderstood or meaningless EV parameter values threatens to ruin the validity of this model. There is an old adage that says “To err is human, but to really screw up requires a computer.” That statement matches the thesis of this paper. The goal of this paper is to outline some of the key issues that will distort the proper interpretation of computed EV parameter values.