In this new article David Roberts and Sheila Roberts of CUPE Ltd, discuss the differences between MoV™ and EVM. They say that although the names of the two methods are similar, MoV focuses on the benefits to the organization while Earned Value tracks progress against what has been planned.
MoV is about how the organization will benefit from doing or not doing something and can be described in financial or non financial terms. The focus is on the result of the project and the value to be gained from the outcome of the project beyond closure. MoV can be implemented at any point in a project and can be used to review Business as Usual. It requires skills in stakeholder management, facilitation and negotiation.
EVM identifies the value in terms of costs, of what will be delivered from a project and tracks whether it is delivered. EVM ends with the end of the project. EVM is only used within projects. EVM requires skills in financial management, tracking and monitoring.
Sheila and David argue that EVM and MoV are complementary. MoV helps ensure projects add value to the organization, and EVM will ensure efficience of delivery. You can see David and Sheila at The Best Practice Showcase this Friday.