EVM in the Project Manager's Toolbox: Use It

Let's use project tools, such as earned value management, to assess our status, make immediate changes to adapt to the current conditions, and forecast our ability to deliver. ...

... "The outcome can then not only help identify at an early stage any issues and allow small changes to be made so that a project can be brought rapidly back on track, but will also give the capability to play the what-ifs that are necessary to make the decision as to whether a project should be stopped" ...

Via IT Director: Earned Value Management