The Earned Value Management (EVM) is a performance management process based on a structured approach to planning, data gathering and performance measurement that links resource planning to cost and schedule requirements. All project works or activities are budgeted and scheduled in time increments incorporating the baselines. An EVM is a single integrated system of combining measurements of the project scope of work, schedule and cost, and also able to provide accurate forecasts of project performance.
Related Definitions in the Project: The Project Management; Project Controls; Earned Value Management (EVM)
