Earned Value Management: A Global and Cross-Industry Perspective on Current EVM Practice

CHAPTER 1

Introduction

1.1 Background

In a competitive and rapidly changing business environment, project clients and their contractors from both the government and private sectors around the world are constantly under pressure to achieve better performance in their projects, regardless of their size, industry sector, or geographical location. The desire to do more with less and deliver it faster becomes even more pronounced in times of economic uncertainty. Adding to the complexity of project management practice is the temporary and unique nature of a project that creates greater challenges to the management of project scope, time, and cost performance.

Earned-value management (EVM) provides an integrated management control methodology that ...