In the project control process, EVM requires physical work progress assessment as well as the assessment of EV
(using a combination of domain- and product-specific measures, quality control procedures, and earned value analysis).
With these EV data—the planned value (PV) data (from the PMB) and the actual cost (AC) data (from the project
cost tracking system)—the project team performs earned value analysis at the CA level (or any other levels of the
project WBS). In addition, this analysis can be used to develop recovery action plans (preventive and corrective) for
any discovered issues or risks and update the forecast of expected ...
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