Newsletter – Let's talk Earned value Management
It’s simply a project performance measuring tool that shows whether the work done is keeping up with the money spent. That’s all Earned Value Management (EVM) does, it compares what you planned, what you achieved, and what you spent to show whether your project is performing well or not.
If you’ve spent long enough in project controls, you’ll know that schedules and cost reports often tell different stories. The planner says we’re on track; the quantity surveyor says we are burning cash too fast. Somewhere between the two, lies the truth; enters – Earned Value Management (EVM).