Earned Value Management (EVM) is a systematic approach to the integration and measurement of cost, schedule, and technical (scope) accomplishments on a project or task. It provides both the government and contractors the ability to examine detailed schedule information, critical program and technical milestones, and cost data.
- Integrates scope, cost, and schedule, with risk management
- Allows objective assessment and quantification of current project performance
- Helps predict future performance based on trends