The earned value method is an internationally recognized project management tool for tracking progress on projects. It periodically calculates the earned value of their completed project tasks, discovers the schedule and cost variances of the projects from the baseline, and thus helps to timely take measures to adjust and control the projects. Despite its popularity, it has not been widely appl...

In project management context, the Earned Value Management (EVM) is a well-known technique. Despite its popularity, the standard EVM suffers from the absence of some features that require being focused further on to make this method more efficient. This paper is addressing such features specifically the financial aspects of cost control system. These aspects that have been absent in the standar...

Before any of the current “agile” development methods, Earned Value Management provided information for planning and controlling complex projects by measuring how much “value” was produced for a given cost in a period of time. One shortcoming of an agile development method is its inability to forecast the future cost and schedule of the project beyond the use of “yesterdays weather” metrics. Th...

We offer an approach for performing organization earned value analysis by taking advantage of the hierarchical structure of the GQMStrategies grid. The merger enables us to create an integrated hierarchy of business goals, value goals, and strategies for achieving those goals and to monitor and evaluate those goals at all levels. It provides a means to expand the definition of earned value metr...

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Earned Value Management (EVM) is a well-known cost and schedule management technique in government and defense industry projects. Its usage, however, is not as wide spread in the general software industry. In this paper we explore some of the shortcomings in EVM and suggest several improvements in the application of EVM in software development projects. In particular, we analyze the nature of s...