Business Intelligence

The Seven Deadly Myths Of Earned Value Methods In Project Management

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Executive Summary

After decades of using and teaching Earned Value Management techniques, we have seen a lot of misinformation about Earned Value, and the advent of the Internet has only made the problem worse. Sometimes these misconceptions reflect simple ignorance of what Earned Value "Really is," fear of the difficulty of implementing Earned Value methods, associations with stodgy government and defence contractors, or, increasingly often, misleading and/or meaningless new marketing terms. The fact is, the Earned Value Management techniques laid out almost 40 years ago continues to be one of the best ways to manage almost any project, and should be a key part of any Project Manager's toolkit.

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