vault backup: 2026-04-21 12:30:40

2026-04-21 12:30:45 -04:00
parent 56f7c3765c
commit 66d76384ec
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@@ -15,8 +15,13 @@ or totally misleading, depending on the context.

 [^1]: [Wikipedia](https://en.wikipedia.org/wiki/Earned_value_management) (emphasis added)

-EVM can be an objective measure of _progress_,
+EVM can be argued to be an objective measure of _progress_,
 but measuring _performance_,
 variance of actual cost/hours versus estimated,
-(obviously) requires an estimate,
-which is subject to bias and error.
+(obviously) requires estimates,
+which are subject to bias and error.
+If you argue that subject matter expert estimates _are_ objective
+under the Bayesian interpretation,
+then sure, but then EVM is not unique.
+
+