Earned Value Management Explained

Despite recent market turbulence, we are currently witnessing sustained growth among software companies that build apps for mid-market, enterprise, and multinational clients. However, from the perspective of these software companies, managing a project remains a tedious task. It requires a lot of close monitoring in the form of project timelines, cost analysis, project milestones, risk analysis, and so forth.

This is a companion discussion topic for the original entry at https://blog.crowdbotics.com/earned-value-management-explained/

Are there any other methodologies that you think are helpful in determining cost overruns of a project?

Have you used EVM for any of your projects? If so, kindly share your experience and advantages that you gained using EVM?