Question

Can we use EVM on all projects? give some examples where EVM cannot be applied.

Answer 1

EVM stands for Earned Value Management which is generally used for measuring the performance of a project. This is used by the project managers for estimating and analyzing the performance of the project. The manager uses this for finding the variance in between the work which is planned and the work which is performed. This is very useful in forecasting project. It is widely used for cost control of a specified project. EVM helps the managers to take corrective measures in advance so that the project be on time and it must be kept on the track. It is based on a Work Breakdown Structure. No, it cannot be applied to all the projects. EVM only measures the time and budget of a certain project. It cannot be applied to a company which wholly depends upon quality.

Like EVM cannot be applied to a cosmetic company where quality is the key to success.