Earned Value Management (EVM) to Identify and Mitigate Problems
The decision to implement EVM for a project depends on factors such as project size, complexity (there are small, very complex projects), and levels of risk. Implemented correctly, for a project that meets the criteria, EVM provides a very timely and accurate view of project status.
M&A institutes EVM based on the “Industry Standard Guidelines for Earned Value Management Systems” focusing on its 32 criteria for developing EVMS.The criterion for M&A EVMS’s is categorized into five (5) areas.This includes: organization; planning and budgeting; accounting; analysis and management reporting; and revisions and data maintenance.