Earned Value Management (EVM)

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Abstract

Earned value management (EVM) is a methodology used in project management to evaluate the performance of a project at any given point. This is done by comparing the expected outcome of the three constraints in the iron triangle; cost, time and quality, to the actual outcome. In order to properly measure the

Big idea

describe the tool, concept or theory and explain its purpose. The section should reflect the current state of the art on the topic

Application

provide guidance on how to use the tool, concept or theory and when it is applicable

Limitations

Critically reflect on the tool/concept/theory and its application context. What can it do, what can it not do? Under what circumstances should it be used, and when not? How does it compare to the “status quo” of the standards – is it part of it, or does it extent them? Discuss your article in the context of key readings / resources provided in class. Substantiate your claims with literature

Annotated bibliography

Provide key references (3-10), where a reader can find additional information on the subject. The article MUST make appropriate references to the and reference material provided in class – either incorporating it as a source, or critically discussing aspects that are missing from it but covered by this article. Summarize and outline the relevance of each reference to the topic (around 100 words per reference). The bibliography is not counted in the suggested 3000 word target length of the article.