Review the following two ProQuest articles on the benefits of earned value management (EVM) practices and myths. In a two- to three-page paper (not including the title and reference pages), compare and contrast the similarities and differences of the project success stories and myths in both articles. Make sure to present clear examples from both articles to describe the real-world benefits of EVM. Conclude with a discussion of a project you have been involved with that could have improved with a detailed project cost control described in these articles.
Article number one:
Visitacion, M. (2007, October). Exemplary EVM at Lawrence Livermore Labs. Contract Management, 47(10), 75-77. Retrieved from ProQuest Database.
Article Number two:
Visitacion, M. (2007, September). Debunking commonly held EVM myths. Contract Management, 47(9), 51-52. Retrieved from ProQuest Database.
Your paper should be formatted according to APA style as outlined in the approved APA style guide and should cite at least the two above mentioned articles in addition to the textbook.
Earned Value Management
Earned Value Management (EVM) is a program management method that measures project health by tracking planned value, earned value, and actual cost. Despite EVM being a critical tool for gauging and forecasting project health there are commonly held myths surrounding EVM that misjudge its effectiveness (Visitacion, 2007).
Comparison and contrast of project success stories and myths of EVM
The success story of Lawrence Livermore National laboratory (LLNL) support the commonly held view that implementing EVM means that project will be on time and on track. According to Anita Zenger, the projects control manager for the LLNL