CONTROL PROCESS23Earned-Value Management (EVM)
What: |
Using predictive and diagnostic project metrics to determine project performance. |
When: |
Project planning, execution, and control. |
Results: |
Early detection of resource-overconsumption issues, as well as reliable forecasts of adverse budget and schedule trends. |
Understand the Basis
Earned-value management (EVM) seems complex, but it has a simple foundation. Project plan development generates a schedule and a budget documented during project baseline setting. Project plan execution generates real data, resulting in an actual schedule and an actual budget. EVM is one way to assess the differences between these schedules and budgets. EVM evaluates project progress in terms of diagnostic ...
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