ABSTRACT
Earned value performance measurement is no different to any other tool, it needs to be used properly if it is to be effective; use it wrongly and it may be more trouble than it is worth. To make it work successfully in any project organization, two major categories of elements must exist:
• Systems elements – a time-based plan with a full costing – a work breakdown structure allied to the plan – a work authorization process – a data collection system – a method of assessing and reporting progress – a suitable accounting process – a report generating system – a change control procedure
• Managerial elements – an organization with a responsibility/work matrix or similar arrangement by which staff
are responsible and accountable for progress on their assigned work – the right culture; most importantly acceptance by the project staff and the backing of
senior management.
