What is Earned Value Management? Definition of EVM

Earned Value Management
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Earned Value Management > Best Practices > What is Earned Value Management? Definition of EVM

What is Earned Value Management? Definition of EVM
dimah barakat, business development consultant, Jordan, Member
According to PMI, in projects*, EVM is a management methodology for integrating scope, schedule and resources for objectively measuring project performance & progress against the baseline. The criteria were first released by the U.S. DoD in Dec. 1967. EVM is calculated by using formulas to determine variances related to time and cost for progress analysis purposes and forecasting. Some major EVM acronyms include: - AC: Actual Cost - PV: Planned Value - CV: Cost Variance - SV: Schedule Variance - CPI: Cost Performance Index - SPI: Schedule Performance Index - ETC: Estimate to Complete - EAC: Estimate at Completion - BAC: Budget at Completion - VAC: Variance at Completion *regardless of the project industry or field. (...) Read more? Sign up for free
 

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EVM "Earned Value Management"
Ghassan Ghanem, financial Director, Kuwait, Member
(...)
 

 
Formulae and Metrics for EVM
Paul D Giammalvo, Professor and Consultant, Indonesia, Member
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