![]() Date: 2024-08-16 Page is: DBtxt003.php txt00010013 | |||||||||
Management Tools | |||||||||
Burgess COMMENTARY | |||||||||
What Is EVM? Earned Value Management (EVM) is a project management technique for measuring project performance and progress. In a single integrated system, Earned Value Management (EVM) is able to provide accurate forecasts of project performance problems, which is an important contribution for good project performance. It is therefore considered a Performance Management approach What is Performance Management? Performance management is the integrating process of planning, managing and controlling project performance. Measures of progress should be articulated in terms of cost, schedule and technical performance. It includes, but is not limited to, techniques and metrics for expressing and evaluating progress within the three (cost, schedule and technical) baselines of a project. Earned Value Management
Visit the Department of Defense Earned Value Management Website to see a basic example of Earned Value Management and are documented as a standard set of guidelines EIA 748-98 Commercial EVMS best business practices are documented in PMI Global Standard |