Earned Value Management
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
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 ...