EVM Earned Value Management in English
Earned Value Management (EVM) is a project management technique that uses various measurements to track and evaluate project performance. EVM is primarily focused on project cost management and can be used in any industry or project type. This technique is commonly used in project management to provide a more objective method of evaluating and monitoring project performance.
In EVM, several key project performance indicators are used to measure progress and performance. These indicators include: planned value (PV), actual cost (AC), and earned value (EV). Planned value refers to the budgeted cost of the work that is planned to be completed during a given period. Actual cost refers to the cost actually incurred during the same period. Earned value refers to the value of the work actually completed during the same period.
The main purpose of EVM is to measure overall project performance and compare it to the project plan. It provides a comprehensive review of project progress and performance metrics, making it easier to identify potential problems and make informed decisions to address them. EVM helps project managers make data-driven decisions and make the necessary adjustments to ensure project success.
EVM can be used to analyze various aspects of project performance, including schedule progress, cost performance, and technical performance. It provides a structured approach to monitor and control project performance and helps to identify variances from the project plan. Through the use of EVM, project managers can track and measure key performance indicators that relate to the project’s scope, schedule and cost.
In summary, EVM is a powerful tool for project managers to evaluate and monitor project performance. It provides valuable insights into project status, allowing project managers to identify potential problems and make informed decisions to address them. EVM is a structured approach to project management that can help ensure project success and deliver projects that meet or exceed stakeholder expectations.
Keywords: EVM, project performance, project management.
扫码咨询 领取资料