Earned Value Management (EVM)
A project management technique for measuring project performance and progress in an objective manner.
EVM is a project management technique integrating scope, schedule, and cost data to assess performance and predict outcomes. It provides insights into project health, enabling proactive decision-making and risk management. By comparing planned progress with actual performance, EVM helps identify variances, optimize resource allocation, and ensure projects are delivered on time and within budget, enhancing accountability and stakeholder confidence in project delivery.
Used in a sentence
EVM was used to track the project's budget and schedule performance.
Synonyms/variation
Performance Management
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