Earned Value Management (EVM)

Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.1

EVM is more than a unique project management process or technique. It is an umbrella term for 32 guidelines that define a set of requirements.2

The objectives of an EVMS are to:

  • Relate time phased budgets to specific contract tasks and/or statements of work.
  • Provide the basis to capture work progress assessments against the baseline plan.
  • Relate technical, schedule, and cost performance.
  • Provide valid, timely, and auditable data/information for proactive project management analysis and action.
  • Supply managers with a practical level of summarization for effective decision making.

External References»

2Humphreys and Associates

Modified on 2018/06/05 11:06 by SuperUser Account  
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