|What:||Using predictive and diagnostic project metrics to evaluate project performance.|
|When:||Project planning and execution.|
|Results:||Early detection of resource overconsumption, and reliable forecasts of adverse budget and schedule trends.|
Earned-value management (EVM) appears complex, but it has a simple foundation. Project plan development generates a schedule and a budget documented during project baseline setting. Project plan execution accumulates data through status collection, resulting in actual schedule performance and expenses. EVM provides a useful way to assess the differences between these schedules and budgets. EVM evaluates project progress ...