“Earned Value Management (EVM) is a project management technique that proactively integrates a project's cost, technical scope and schedule to allow for the objective measurement of the project's performance. EVM allows visibility into the final costs of completion of a project or a program using mathematical forecasting techniques. Lastly EVM identifies and resolves any problems that show up as significant variances (schedule, cost or technical) that pose a threat to timely project/program completion ”
Adapted from ‘The Kwaku Akyeampong Approach to Earned Value Management Excellence®’

“Earned Value Management in its various forms is a commonly used method of performance measurement. It integrates project scope, cost and schedule measures to help the project management team assess and measure project performance and progress. It is a project management technique that requires the formation of an integrated baseline against which performance can be measured for the duration of the project. The principles of EVM can be applied to all projects, in any industry. EVM develops and monitors three key dimensions for each work package and control account: Planned Value, Earned Value and Actual Cost”
Adapted from Project Management Body Of Knowledge® PMBOK®, 4th Edition, Page 181, 182

 

“Earned Value Management is a project control process based on a structured approach to planning, cost collection and performance measurement. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement”
Adapted from Association for Project Management (2006) APM Body of Knowledge, 5th Edition