The Earned Value Management System (EVMS) is a program of the performance management system that integrates the work scope, schedule, and cost parameters. EVMS provides the objective performance measurement data that measures progresses objectively with earned value metrics; accumulates direct costs; allows for analysis of deviations from plans; facilitates forecasting the achievement of milestones and contract events; provides supporting data for forecasting of estimated costs; and encourages discipline in incorporating changes to the baseline in a timely manner.
Related Definitions in the Project: The Earned Value Management (EVM); Project Controls; Project Management
