Why Earned Value Management Works

Did I get my money’s worth? Did I spend my hours, days and weeks wisely?

We ask ourselves these questions every day. These questions are just as important to projects and programs as they are to us as individuals. This is the reason that Earned Value Management (EVM) has been used for over four decades.

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Quick Quiz

Recently, I was told I’d be allowed to choose my own team members for a project that may have lots of changes. I’m thrilled, but what do I look for in potential participants?

1. Look for people with subject matter knowledge in the product or service you will develop. Everything else can be learned on the job.
2. Find people you like. If your teammates find you pleasant, they will complete their work faster.
3. Ask other project managers to help you select your team and offer to select their team for them in return. There is strength in numbers.
4. Look for at least a few people with good skills who are also happy to embrace change. They can create a positive atmosphere and lead others.

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