Project Management

Earned Value ManagementEVM

A project-control technique that integrates scope, schedule, and cost to measure performance and forecast outcomes.

Earned Value Management (EVM) measures project performance by comparing the value of work actually completed (Earned Value) against what was planned (Planned Value) and what it cost (Actual Cost). From these it derives schedule and cost variances and performance indices (SPI, CPI).

Its power is forecasting: by mid-project, EVM gives an objective, data-based estimate of final cost and completion date — long before traditional reporting would reveal trouble.

Go Deeper
Earned Value Management guide→EVMS Fundamentals→
Related Terms
Work Breakdown Structure
A hierarchical decomposition of a project into progressively smaller, manageable deliverables and work packages.
Critical Path Method
A scheduling technique that finds the longest sequence of dependent tasks, which determines the shortest possible project duration.
Gantt Chart
A horizontal bar chart that shows project tasks against a timeline, with their durations, dependencies, and progress.
Resource Leveling
Adjusting a project schedule to smooth resource demand and resolve over-allocations.

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