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EV (Earned Value) Maturity - Its benefits and why it is important

Often there is discussion on why the EV needs to be matured and what are its benefits - tangible and as well as non tangible. I am making a small attempt to list some its benefits and keen to know your thoughts - 

The benefits of improved EVM at enterprise or PMO level:

- Standardised processes for managing project performance on a programme
- Improves transparency and strategic reporting senior management through
dashboards
- Improved timeliness and quality of reports through streamlined reporting
- Improved standardisation and automation of reports resulting in reduced
costs for report production and improved employee job satisfaction for
project controls teams members
- Employee development of competencies
- Produces historical data that can be used for lessons learned and to
improve future estimating
- Produces man-hour utilisation and productivity statistics for HR
planning
- Improved compliance with corporate financial reporting requirements
- Provides valuable strategic and operational information for improved
decision making (high tangibility)
- Reduced costs and increased benefits through improved project and
program decision making (low tangibility)
- Reduced reporting cycle times
- Improved communication and standardised processes for project
estimating, planning, scheduling, cost control, contracts administration
and project accountants.

The benefits of improved EVM maturity at project level:

- Continuous feedback on project work progress and productivity
- Early identification of performance trends and root causes
- Improves transparency and reduces the risk of disputes between owner and
contractor
- Improves project forecasting, planning of key resources
- Produces historical data that can be used for lessons learned and to
improve future estimating
- Produces quantity statistics, man-hour statistics and other data that
can be used by other functions such as safety

Thanks for reading. 

Anil Godhawale
Managing Director, Projcon Group

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Progress, Position, Prediction- The key to completing projects on time

Author Profile

David has over 30 years in the construction industry specialising in planning and scheduling, initially with contractors and latterly as a consultant focusing on forensic delay analysis. David is academically and professionally qualified and is the author of numerous high quality papers. He was awarded an MSc degree with distinction for his work on 'The simulation of construction project delays using network techniques', the method of analysis now known as 'Time Impact Analysis'. His book, 'A Handbook for Construction Planning and Scheduling', co-authored with Andrew Baldwin, was published by Wiley Blackwell in May 2014. Most recently he has been engaged as an expert on major projects in South Africa and China.

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