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Getting Results from Software Development Teams by Lawrence J. Peters and Lawrence Peters

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Using EVM: Terms and Formulas

By using EVM, project managers can scrutinize a project from several different vantage points. In doing so, we hope we can identify the issues, pinpoint the cause of problems, and take corrective action in time to save the project. In the preceding example, the project overran the budget in the first month. A key to successful project management is to track all aspects of the project in an objective and continuous manner to prevent such a situation from happening for so many months. Early tracking of that project would have detected the overrun and indicated that processes had to be fine-tuned to reduce cost going forward. This would have occurred in the first or second month, not the sixth.

The EVM method employs ...

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