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Earn Value Management - An Overview

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Earned Value Management (EVM) is a project management technique that objectively tracks physical accomplishment of work

More Elaborately:

  • Earn Value Management (EVM) technique used to track the Progress and Status of a Project & Forcast the likely future performance of the Project.

  • EVM technique integrates the scope , schedule and cost of a project.

  • EVM technique answers a lot of questions to the stakeholders in a project related to the performance of the project.

  • EVM technique can be used to show past performance of the project, current performance of the project and predict the future performance of the project by use of statistical techniques.

  • Good planning coupled with effective use of the EVM technique will reduce a large amount of issues arising out of schedule and cost overruns.

EVM emerged as a financial analysis specialty in United States Government programs in the 1960s, but it has since become a significant branch of project management.

In the late 1980s and early 1990s, EVM emerged as a project management methodology to be understood and used by managers and executives, not just EVM specialists. Today EVM has become an essential part of every project tracking.


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