Earned Value Management
Earned value management is a project management technique for measuring project performance and progress in an objective manner.
Benefits
Earned value management helps manage projects better. It provides real-time project status, helping with timely decision-making to keep projects on track.
Frequently Asked Questions
How is earned value management measured?
Earned value management is measured by comparing the work planned vs. the work actually done and the costs planned vs. the costs actually spent.
Why is earned value management important?
Earned value management is important because it gives a clear picture of project health. It shows if a project is ahead, on, or behind schedule and budget.
-
Key Takeaway
Earned value management is a powerful tool for tracking project progress. It helps ensure projects finish on time and within budget, making it essential for project managers.