Earned value in elearning

 

Earned value has been used to manage and measure projects of varying size and scope for many decades. It began to gain popularity in the 60s when it was used widely in the government sector. It has since emerged as an important tool for measuring project progress across a broad range of industries and disciplines. As a concept, it's fairly simple – "for the work completed so far, what should it have cost?" Over the years, it has become more widely used in the training world. For many organisations, however, it is used purely to measure costs against schedules. As a result, project managers are often cynical about its use; it is often seen as nothing more than a budgetary control technique. In reality, it can be used to do much more. Used correctly, it can be used to improve the quality and value of elearning projects.