Earned Value Management – Elements, Explanations & Calculations

Though 50% of project’s success determined by clear & comprehensive planning, other 50% is with monitoring & controlling project progress. To evaluate project progress, Earned Value Management methods give uniform & consistent unit of measure from start of the project till the end. Great benefit of EVM is its capability to capture time and cost measurements against scope (i.e. WBS elements). Good measurement system should give clear indication of issues – in that way EVM gives early warnings about the project progress & enables manager’s to take necessary action well before closure of the project.

Here I present EVM elements with some explanations & calculation formula.


Thank You Note!

Success for a blogger is in making his visitors to visit again and again either by providing new information or information of visitor’s interest. In that way, I think I reached a milestone of crossing 1 Million views! Thanks a lot to all of you for making me a happy blogger!

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