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Earned value management uses and misuses.(Report)

Air Force Journal of Logistics

| June 22, 2008 | Russell, Stephen Hays | COPYRIGHT 2008 U.S. Air Force, Logistics Management Agency. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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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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