Analysis and Application of Earned Value Management in Software Development
نویسنده
چکیده
Earned Value Management (EVM) is a well-known cost and schedule management technique in government and defense industry projects. Its usage, however, is not as wide spread in the general software industry. In this paper we explore some of the shortcomings in EVM and suggest several improvements in the application of EVM in software development projects. In particular, we analyze the nature of software projects and offer improved ways to approximate Estimate of Completion for cost of software projects. Another area of special attention in this paper is demonstrating that EVM’s metric such as Schedule Performance Index alone does not alert the project managers early enough on late task starting date and that the actual start date itself must be taken into account. Keyword: EVM, Cost, Schedule, Software
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