diff --git a/versions-maven-plugin/src/main/java/org/codehaus/mojo/versions/SetMojo.java b/versions-maven-plugin/src/main/java/org/codehaus/mojo/versions/SetMojo.java
index 4cfdacae24..645116e0b3 100644
--- a/versions-maven-plugin/src/main/java/org/codehaus/mojo/versions/SetMojo.java
+++ b/versions-maven-plugin/src/main/java/org/codehaus/mojo/versions/SetMojo.java
@@ -39,6 +39,7 @@
 import java.util.TimeZone;
 import java.util.TreeMap;
 import java.util.regex.Pattern;
+import java.util.stream.Collectors;
 
 import org.apache.maven.artifact.ArtifactUtils;
 import org.apache.maven.model.Model;
@@ -65,6 +66,7 @@
 import org.codehaus.plexus.components.interactivity.PrompterException;
 import org.codehaus.plexus.util.StringUtils;
 
+import static java.util.Optional.ofNullable;
 import static org.codehaus.plexus.util.StringUtils.isEmpty;
 
 /**
@@ -348,9 +350,22 @@ public void execute() throws MojoExecutionException, MojoFailureException {
                     Pattern.compile(RegexUtils.convertWildcardsToRegex(fixNullOrEmpty(oldVersion, "*"), true));
 
             for (Model m : reactor.values()) {
-                final String mGroupId = PomHelper.getGroupId(m);
-                final String mArtifactId = PomHelper.getArtifactId(m);
-                final String mVersion = PomHelper.getVersion(m);
+                Map<String, String> properties = ofNullable(m.getProperties())
+                        .map(p -> p.entrySet().parallelStream()
+                                .collect(Collectors.toMap(e -> e.getKey().toString(), e -> e.getValue()
+                                        .toString())))
+                        .orElse(null);
+
+                String mGroupId = PomHelper.getGroupId(m);
+                String mArtifactId = PomHelper.getArtifactId(m);
+                String mVersion = PomHelper.getVersion(m);
+
+                if (properties != null) {
+                    mGroupId = PomHelper.evaluate(mGroupId, properties);
+                    mArtifactId = PomHelper.evaluate(mArtifactId, properties);
+                    mVersion = PomHelper.evaluate(mVersion, properties);
+                }
+
                 if ((processAllModules
                                 || groupIdRegex.matcher(mGroupId).matches()
                                         && artifactIdRegex.matcher(mArtifactId).matches())
diff --git a/versions-maven-plugin/src/test/java/org/codehaus/mojo/versions/SetMojoTest.java b/versions-maven-plugin/src/test/java/org/codehaus/mojo/versions/SetMojoTest.java
index 1decf8f987..9bcac90e8f 100644
--- a/versions-maven-plugin/src/test/java/org/codehaus/mojo/versions/SetMojoTest.java
+++ b/versions-maven-plugin/src/test/java/org/codehaus/mojo/versions/SetMojoTest.java
@@ -158,4 +158,14 @@ public void testSetOldVersionMismatchProcessAllModules() throws Exception {
                 String.join("", Files.readAllLines(tempDir.resolve("pom.xml"))),
                 not(containsString("<version>bar</version>")));
     }
+
+    @Test
+    public void testSetParameterValue() throws Exception {
+        TestUtils.copyDir(Paths.get("src/test/resources/org/codehaus/mojo/set/issue-855"), tempDir);
+        SetMojo mojo = (SetMojo) mojoRule.lookupConfiguredMojo(tempDir.toFile(), "set");
+        mojo.execute();
+        assertThat(
+                String.join("", Files.readAllLines(tempDir.resolve("pom.xml"))),
+                not(containsString("<version>${revision}</version>")));
+    }
 }
diff --git a/versions-maven-plugin/src/test/resources/org/codehaus/mojo/set/issue-855/pom.xml b/versions-maven-plugin/src/test/resources/org/codehaus/mojo/set/issue-855/pom.xml
new file mode 100644
index 0000000000..4ace66e51f
--- /dev/null
+++ b/versions-maven-plugin/src/test/resources/org/codehaus/mojo/set/issue-855/pom.xml
@@ -0,0 +1,48 @@
+<!--
+  ~ Licensed to the Apache Software Foundation (ASF) under one
+  ~ or more contributor license agreements.  See the NOTICE file
+  ~ distributed with this work for additional information
+  ~ regarding copyright ownership.  The ASF licenses this file
+  ~ to you under the Apache License, Version 2.0 (the
+  ~ "License"); you may not use this file except in compliance
+  ~ with the License.  You may obtain a copy of the License at
+  ~
+  ~     http://www.apache.org/licenses/LICENSE-2.0
+  ~
+  ~ Unless required by applicable law or agreed to in writing,
+  ~ software distributed under the License is distributed on an
+  ~ "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+  ~ KIND, either express or implied.  See the License for the
+  ~ specific language governing permissions and limitations
+  ~ under the License.
+  -->
+
+<project xmlns="http://maven.apache.org/POM/4.0.0"
+         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
+    <groupId>org.example</groupId>
+    <artifactId>test-versions</artifactId>
+    <version>${revision}</version>
+    <modelVersion>4.0.0</modelVersion>
+
+    <properties>
+        <revision>1.3</revision>
+    </properties>
+
+
+    <build>
+        <plugins>
+            <plugin>
+                <groupId>org.codehaus.mojo</groupId>
+                <artifactId>versions-maven-plugin</artifactId>
+                <goals>
+                    <goal>set</goal>
+                </goals>
+                <configuration>
+                    <newVersion>testing</newVersion>
+                    <generateBackupPoms>false</generateBackupPoms>
+                </configuration>
+            </plugin>
+        </plugins>
+    </build>
+</project>