Application of the Earned Value Mathod (EVM) for mining projects assessment – critical approach – part 1 – method assumptions

Abstract

Purpose of the article: the presented article consists of two independent parts. The first part is dedicated to the description of the Earned Value Method as an universal tool used to assess the state of the current project and forecast the total cost of its implementation and the project's expected completion date. The second part aims to indicate good and bad practices of using this method in relation to the projects implemented in hard coal mining in Poland.
Research method/tools: the research process, in the case of the first part of the article, consists of analyzing the literature in the area of ​​the described problem and presenting a simple calculation example illustrating how to use the method, and in relation to the second part, will consist of a critical analysis of selected examples of projects combined with an indication positive and negative experiences in the practical application of the method.
Original results: the results of the work will be the identification of factors conducive or unfavorable to the use of the method in hard coal mining in Poland.