First, earned value management (EVM) is the process of measuring the performance of project work against what was planned to identify variances, opportunities to improve the project, or just to check the project's health. EVM can help predict future variances and the final costs at completion. It is a system of mathematical formulas that compares work performed against work planned and measures the actual cost of the work your project has performed. EVM is an important part of cost control, since it allows a project manager to predict future variances from the expenses to date within the project.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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