Choosing an Earned Value Method

The Earned Value Method (EVM) you specify is used by MPM to calculate the Budgeted Cost of Work Performed (BCWP) for each milestone. You can select a different EVM for each WBS element, but the EVM you choose for a WBS element applies to all milestones assigned to that element.

When you first select an EVM for a WBS element, MPM automatically adds Start and Complete milestones to the element. For a complete description of all EVMs available, see Earned Value Method (EVM) Descriptions.

The EVM you select is displayed in the WBS element rows (gray background), not in the milestone rows.

If possible, you should consider using the Milestone Weights EVM. With this method, you can target specific accomplishments in the project, and get compensated accordingly. It also gives you the most accurate way to track a project.

To choose an EVM for a WBS element, complete the following steps:

  1. Click on the EVM field for the WBS element.

  2. Open the drop-down list box and select an EVM. When you select the EVM, MPM automatically adds Start and Complete milestones to the element.

  3. If you selected the Apportioned EVM, you must select a base WBS that MPM will use to determine the percent complete for the milestone. You select the WBS from the Base WBS field. MPM displays the Base WBS dialog box where you can select the WBS element to be used.