Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Do the Math
You have deliverables, a budget, a customer and a schedule. Do you have earned value?
For more than 30 years, earned value has provided government, defense and aerospace projects with key metrics. But in recent years, project managers have begun applying earned value management to other types and sizes of projects across a wide range of industries, including the software development world.
Earned value management (EVM) provides cost and schedule information in a different way than traditional schedules and cost reports. Based on the concept that completed tasks and products add value to a project, EVM compares this earned value with the expected value to determine if a sufficient amount of work has been completed as a project proceeds.
This enables the project manager to determine if the resources spent to date are appropriate by comparing the value of the work completed with the resources consumed.
Traditional project cost and schedule metrics address each topic in different units. Cost information is presented in dollars or staff hours budgeted, planned or spent. Schedule data is presented in days or weeks ahead or behind schedule; or milestones achieved, missed or scheduled. This makes it almost impossible to know if the money spent is consistent with the progress made on the project.…
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