At this point, you have learned that earned value management (EVM) is best when all the project requirements are known and the planning is done, and it works well for a Waterfall approach. However, many organizations now use an Agile or Hybrid approach. In these approaches, planning is not done upfront for all requirements of the project, but there is a project scope, budget, and deadline for all projects. Therefore, EVM should be used.
Directions
Utilizing the reading from the course text and two additional scholarly references, write a short paper on how you would apply EVM to Agile and Hybrid projects.
Specifically, you must address the following rubric criteria:
Describe why it is important to integrate EVM in Agile or Hybrid projects.
Identify what elements of EVM are already present in Agile or Hybrid projects.
Identify what key components are needed to utilize EVM in an Agile or Hybrid project.
Explain what measurement method you would use for project status and where you would find this in Agile or Hybrid projects.
What to Submit
Submit your short paper as a 3- to 5-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.
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