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We use EV principles, and tailored EVM to project specific needs. Certainly it adds lot of value especially in major projects. i am in mining
EVM calculation about to predict the project future from actuals is what more useful in my case.
Forecasting on projects following agile delivery practices such as letting past iteration/sprint velocity determine when the team will complete a release or product backlog is a modified approach to EV which is practiced on many projects.
I've rarely seen pure EVA & variance analysis (to use the PMBOK v6 terms :-) ) used in the companies I've supported as they lack the work package level cost reporting and/or work decomposition discipline needed to practice it accurately.
Similar to Vincent - not used as outline in PMBok, we typically use other models that the finance gods live eat and die by which aligns more closely to their business needs. the concepts are there just the process is different.
So you use just actual
Our Project Team (Construction Project) use Primavera P6 extensively as contractual specified tool in project management.
I have been doing IT project management for over twenty years, Vincent. We definitely use the EVM indices (CPI and SVI) to see if we are off track. EAC is not used very much.
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