Earned Value Management - EVM

Abstract

Earned Value Management is a very powerful and popular project monitoring tool. Monitoring and controlling are key practices in project management, serving the purpose of informing the project managers on the advancement of the project. They take as inputs the results of the planning process and investigate if the plans are being implemented in an anticipated way. In this context, Earned Value Management is mainly used in highly complex environments like construction and infrastructure and allows for a combination of time and cost controlling (ISO 21500), therefore guaranteeing a more holistic overview of the project advancement than other monitoring tools