Management model of investment projects using the earned value method

The Earned Value Method represents a relatively new project management tool, which uses the information on costs, time schedule and operating performance in order to determine the current status of the project. It allows the project manager to predict the final outcome of the project, based on current known individual values, and represents a method for estimating the project performance or performance efficiency. The paper describes the basic principles of this method, with the aim to introduce the potential application of this useful tool for management of mining projects to wider professional community, especially with regards to the possibility of its application in the management of large investment projects, such as the surface mining projects of mineral deposits.