Earned Value Management
Earned Value Management (EVM) is a project management technique used to track performance and progress. By comparing planned work with completed work and actual costs, EVM helps project managers forecast future performance and identify potential issues. It integrates scope, schedule, and cost, ensuring effective control and decision-making.
Technique Overview
Earned Value Management Definition
Earned Value Management (EVM) is a dynamic project management approach that provides a comprehensive view of a project's health by linking work progress to financial performance. It goes beyond simply tracking costs and timelines by measuring the value of work completed against the planned effort. This method enables project managers to understand if a project is on track, over budget, or behind schedule. EVM offers insights into trends and forecasts, allowing teams to anticipate challenges, make informed decisions, and ensure projects are delivered with greater efficiency and control.
Earned Value Management Description *
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Business Evidence
Strengths, weaknesses and examples of Earned Value Management *
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Business Application
Implementation, success factors and measures of Earned Value Management *
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Professional Tools
Earned Value Management videos and downloads *
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Further Reading
Earned Value Management web and print resources *
Earned Value Management references (4 of up to 20) *
- Anbari, F.T., 2003. Earned value project management method and extensions. Project Management Journal, 34(4), pp.12-23.
- Fleming, Q.W. and Koppelman, J.M., 2016. Earned Value Project Management. 5th ed. Newton Square: Project Management Institute.
- NASA, 2020. NASA Earned Value Management. [online] Available at: https://www.nasa.gov/evm [Accessed 15 September 2024].
- Project Management Institute (PMI), 2017. A Guide to the Project Management Body of Knowledge (PMBOK Guide). 6th ed. Newton Square: PMI.
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