December 2013
Beginner to intermediate
288 pages
6h 18m
English
Content preview from The Project Management Tool Kit, 3rd Edition
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CONTROL PROCESS
26
Earned-Value Management (EVM)
| What: | Using predictive and diagnostic project metrics to evaluate project performance. | |
| When: | Project planning and execution. | |
| Results: | Early detection of resource overconsumption, and reliable forecasts of adverse budget and schedule trends. |
Earned-Value Basics
Earned-value management (EVM) appears complex, but it has a simple foundation. Project plan development generates a schedule and a budget documented during project baseline setting. Project plan execution accumulates data through status collection, resulting in actual schedule performance and expenses. EVM provides a useful way to assess the differences between these schedules and budgets. EVM evaluates project progress ...
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