EVM relies on three key data metrics that in conjunction with a Performance Management Baseline calculates variances, indices and forecasts. 3 min read.
Earned Value Management Summary
Determine & Action Project Variance
EVM performance measurement leads to variances between what was planned & what was done, provides early warning signals to trigger corrective actions.
Early Project Problem Identification
Timely & targeted feedback enables project managers to identify problems early, and to make adjustments that keep the project on time and on budget.