Earned Value Management

Earned Value Management (EVM) is a project management methodology that integrates scope, schedule, and cost to measure project performance and progress. It provides quantitative data to forecast project outcomes and identify variances early, enabling proactive decision-making. EVM is widely used in industries like construction, defense, and software development to ensure projects stay on track.

Also known as: EVM, Earned Value Analysis, EVA, Earned Value, Earned Value System

Why learn Earned Value Management?

Developers should learn EVM when working on large-scale or complex projects where tracking budget and schedule adherence is critical, such as in government contracts or enterprise software development. It helps in identifying cost overruns and delays early, allowing for timely corrective actions and improving project transparency and accountability.

Learning Resources

• docs: PMI Earned Value Management Standard
• tutorial: Earned Value Management Tutorial by Project Management Institute
• video: Earned Value Management Explained in Under 5 Minutes
• book: Earned Value Management: A Practical Guide