Document Type

Closed Project

Publication Date

Winter 2007


Dinesh Shah

Course Title

Project Management in Engineering and Technology

Course Number

ETM 545/645


Earned Value Management (EVM) is a project management tool to monitor the performance of the project such that should applied correctly, it provides an “early warning signal” to the project manager, to senior management, and to the customer and underlines the possible need for corrective action. It incorporates three critical elements of project management: scope, time and cost. It allows the calculation of cost and schedule variances and performance indices, and forecasts the project cost and schedule at completion. The central focus of EVM is the accurate measurement of the physical work performed against a baseline plan.


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