Earned Value Management

An useful guide on Earned Value Management

✴ Earned Value Management (EVM) helps project managers to measure project performance. It is a systematic project management process used to find variances in projects based on the comparison of worked performed and work planned. EVM is used on the cost and schedule control and can be very useful in project forecasting.✴

► Earned Value. To report the accomplishments of the project, you must apply Earned Value (EV) to the figures and calculations in the project. Earned Value is also called Budgeted Cost of Work Performed (BCWP). Planned Value (PV) is determined by the cost and schedule baseline. ✦

【Topics Covered in this App are Listed Below】

⇢ Earned Value Management (EVM) Background

⇢ Overview

⇢ Basic Elements

⇢ Cost Variance

⇢ Schedule Variance

⇢ Miscellaneous Formula

⇢ Examples

⇢ The three key metrics