Abstract
Controlling a project is key to the success or failure of the project. Measuring the project performance along the life of the project is a way to provide early warning signals that can be used as triggers for corrective actions in case the project is in danger. Earned Value Management (EVM) is a well-known technique to control the time and cost performance of a project. It is a methodology used since the 1960s, when the American Department of Defense proposed a standard method to measure a project’s performance. The system relies on a set of often straightforward metrics to measure and evaluate the general health of a project. These metrics serve as early warning signals to timely detect problems or to exploit project opportunities.
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Notes
- 1.
This section is also available as an article entitled “Earned Value Management: The project baseline schedule’s planned value” published online at PM Knowledge Center.
- 2.
This section is also available as an article entitled “Earned Value Management: The three key metrics” published online at PM Knowledge Center.
- 3.
This section is also available as an article entitled “Measuring Time: Earned value or earned schedule?” published online at PM Knowledge Center.
- 4.
This section is also available as an article entitled “Earned Value Management: An overview of project performance scenarios” published online at PM Knowledge Center.
- 5.
This section is also available as an article entitled “Earned Value Management: Measuring a project’s performance” published online at PM Knowledge Center.
- 6.
This section is also available as an article entitled “Earned Value Management: Reliable time performance measurement” published online at PM Knowledge Center.
- 7.
This section is also available as an article entitled “Earned Value Management: Forecasting project outcome” published online at PM Knowledge Center.
- 8.
This section is also available as an article entitled “Earned Value Management: Forecasting time” published online at PM Knowledge Center.
- 9.
This section is also available as an article entitled “Earned Value Management: Forecasting cost” published online at PM Knowledge Center.
- 10.
This section is also available as an article entitled “Predicting project performance: Evaluating the forecasting accuracy” published online at PM Knowledge Center.
- 11.
This section is also available as an article entitled “Earned Value Management: Measuring schedule adherence” published online at PM Knowledge Center.
- 12.
This section is also available as an article entitled “Earned Value Management: Schedule adherence and the effective earned value” published online at PM Knowledge Center.
- 13.
This section is also available as an article entitled “Earned Value Management: Identifying the lack of schedule adherence” published online at PM Knowledge Center.
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© 2016 Springer International Publishing Switzerland
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Vanhoucke, M. (2016). Earned Value Management. In: Integrated Project Management Sourcebook. Springer, Cham. https://doi.org/10.1007/978-3-319-27373-0_10
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DOI: https://doi.org/10.1007/978-3-319-27373-0_10
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Online ISBN: 978-3-319-27373-0
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