Earned Value Management (EVM)

The goal of the Earned Value Management System is to provide your organization with valid, timely, and auditable contract-performance information on which to base management decisions. The benefits your organization will achieve from using Earned Value Methodology are:

It allows for continuous, detailed planning
It gives an objective measure of cost, schedule and technical scope
It provides the ability to design, monitor, and modify Risk Mitigation Plans for a project
It increases the effectiveness of status reporting.

Earned Value provides a tool which help managing the project’s performance.

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