The current Earned Value concepts are described in a set of new papers:
- Project Duration Forecasting: Comparing Earned Value Management Methods with Earned Schedule, Walter Lipke
- The Two Mist Useful Earned Value Metrics: The CPI and TCPI, Quentin Fleming and Joel Koppleman
- In the Fall Edition of the Measurable News, the magazine of the PMI College of Performance Management.
- "Does Project Performance Stability Exist?: A Re-examination of CPI and Evaluation of SPI(t) Stability?,"Kym Henderson
- "Integrating Systems Engineering with Earned Value," Paul Solomon
- "The Trouble with Earned Schedule," Wayne Abba
These papers and many others in this topic provide visibility into the complexities of Earned Value. These complexities should in no way prohibit the application of Earned Value. In fact they should encourage the application of Earned Value for all the right reasons.
What they show is managing projects is a profession, with professional tools, with the expectation of professional results.