Earned value project management (4th ed)

Organisations that follow the principles of good Earned Value Management (EVM) create an environment that allows teams to successfully operate and thrive - even in the face of challenges that could negatively impact their projects.

Earned Value Project Management (EVPM) is a methodology used to measure and communicate the real physical progress of a project taking into account the work completed, the time taken and the costs incurred to complete that work.

As a result, EVPM allows more educated and effective management decision-making, which helps evaluate and control project risk by measuring project progress in monetary terms.