How can earned value management grow in the commercial industry?

Earned value management (EVM) is a project management technique that combines the project's scope, schedule, and resources to measure progress and performance. It is used to determine whether a project is on track, over budget, or behind schedule. In the commercial industry, EVM can be used to improve project performance and profitability by providing a clear and accurate picture of project progress and the associated costs.

There are several ways that EVM can grow in the commercial industry:  

1. Education and training: One way to increase the use of EVM in the commercial industry is to provide education and training on the technique to project managers and other stakeholders. This can help them understand how to use EVM effectively and how it can benefit their projects.
2. Standardization: Another way to increase the use of EVM in the commercial industry is to standardize its use across organizations. This can help ensure that all projects are using the same methodology for measuring progress and performance, which can make it easier to compare and contrast the performance of different projects.
3. Integration with other project management tools: EVM can be more effective when it is integrated with other project management tools, such as project scheduling software and risk management tools. By integrating EVM with these tools, project managers can get a more comprehensive view of their projects and make more informed decisions.
4. Use of technology: The use of technology, such as cloud-based project management software, can make it easier for project managers to track and report on project progress using EVM. This can help make the process more efficient and accurate.

By adopting these strategies, the commercial industry can increase the use of EVM and improve the performance and profitability of their projects.