The benchmark for reliable EVM analysis is when the project is around 20% completed, backed up by decades of DoD and US Air Force research (from 1977–2014), and typically adopted by most PM professionals today. The detailed analysis of actual progress, costs, and effort leads to more accurate forecasting of costs, project timeline, and even the final results. Better forecasting of results, timelines, and costs Clearing roadblocks like this can help get your project back on track. With risks identified, you can get ahead of the damage and intervene early in the process, taking steps to make sure it doesn’t interfere with the project’s timeline or budget.įor example, take initiative and get clear with the city official on what’s needed to approve the building plans. When you first create a timeline for renovating your office, it’s almost impossible to foresee every potential issue that can cause delays, like a stubborn landlord or city official that keeps rejecting your proposed layouts.ĭoing an EVM analysis helps you identify key areas that are taking longer than they should, which put the entire project at risk. Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.” And this is equally applicable to business.
No project ever goes 100% according to plan.
