Earned Value Management

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Earned Value Management (EVM) aka Earned Value Project/Performance Management (EVPM) refers to a project management technique used for measuring the performance and progress of a project in an objective manner. It has the ability to combine the measurements of the project management triangle i.e., scope, time and cost.

EVM is able to provide accurate forecasts of project performance problems in a single integrated system, which is considered as an important contribution for project management. Conducting an early EVM research showed that planning and control are significantly impacted by its use and also, using this methodology not only improves the scope definition but also helps in the analysis of overall project performance. EVM principles are also considered to be positive predictors of project success.

EVM has been widely used in government contracting like in the new Federal Acquisition Regulation. The essential features of an EVM implementation include creating a project plan that identifies work to be accomplished; valuation of planned work called as Planned Value (PV); and setting pre-defined earning rules or metrics to quantify the accomplishment of work, called as Earned Value (EV). EVM implementations for larger projects vary with the addition of other features like forecasts of cost performance, schedule performance, etc.

EVM is an aid to both the contractor and the customer with benefits like establishing a clear responsibility for work effort, integrating technical, schedule & cost performance, providing consistent & clear communication of progress at all management levels, and improving project visibility & accountability.

Rajagiri Centre for Business Studies is one of the reputed Management Institutions in India is ranked among the top 3 business schools in Kerala offering you various post graduation courses like MBA, MHRM, PGDM etc. Located 0.5 km from the Seaport-Airport Highway at Kakkanad in Kochi the top b schools in Kochi is known for quality leaning and best infrastructure & facilities. Dreaming of a bright career, RCBS, top business schools in Kochi is the right choice for you.

To Know More   Rajagiri Business School Kochi Kerala



Location: Kerala, India

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