Earned Value Management is like GPS Navigation Software
Paul D Giammalvo, Professor and Consultant, Indonesia, Member
Hi Gim, I found your analogy to be interesting, but not completely accurate.
I would suggest that an even better analogy would be to compare Earned Value Management to using GPS navigation software
in your automobile. It tells you where you are compared to where you are going; it tells you how long you have been traveling and it projects how much longer it will be before you get to where you want to go; and when combined with your fuel gauge, it tells you how efficiently you are using the fuel in your car and how much more fuel you will consume before arriving at your destination.
And, like your GPS, it can provide you with an indication that your project is "off track" against the plan.
Does that make sense to you?