Chapter 18

Earned Value Management

Chapter Objectives

This chapter discusses the following concepts:

• What principle the Earned Value Management is based on

• What the definitions are for different planned and completed project task efforts

• What the earned value metrics are

• How to use earned value metrics

Image A PROJECT-MONITORING TECHNIQUE: COMPARING ACTUAL VERSUS PLANNED

Earned Value Management (EVM) is a project-monitoring technique that emerged in the 1960s in U.S. government projects. In its early days, EVM was used by a small number of experts in manufacturing and in procurement in various government defense contracts. Quickly expanded beyond ...

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