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Earned value management uses and misuses.(Report)
[ILLUSTRATION OMITTED]
Originally developed as a financial management tool, earned value management (EVM) has become a project management tool for cost, schedule, and scope management. However, this broader approach to EVM generates potential for misuse when the schedule metrics of EVM are used to the exclusion of true schedule management tools. In addition, estimate at completion calculations with EVM metrics should be employed judiciously lest misleading projections arise given the circumstances of any particular project.
Introduction
Earned Value Management was originally developed by the United States Air Force as a financial management ...
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