Earned Value in Project and Programme Management

Ten Benefits of EVMS
1. It is a single management control system that provides reliable data
2. It integrates work, schedule, and cost using a work breakdown structure
3. The associated database of completed projects is useful for comparative
analysis
4. The cumulative cost performance index (CPI) provides an early warning
signal
5. The schedule performance index provides an early warning signal
6. The CPI is a predictor for the final cost of the project
7. It uses an index-based method to forecast the final cost of the project
8. The “to-complete” performance index allows evaluation of the forecasted
final cost
9. The periodic (e.g., weekly or monthly) CPI is a benchmark
10. The management by exception principle can reduce information overload
11. Earned Value has developed a large body of public domain knowledge
and Government case studies. These studies includes information that
would be extremely sensitive and classified “commercial in confidence” in
the private sector