Explore BrainMass

Earned Value Management and Managing Project Costs

What is Earned Value Management (EVM)? How can EVM be used to effectively manage project costs?

I need at least 250 words and a reference to start.

Solution Preview

Earned Value Management is a management technique used by many companies to measure the physical process of a project and is particularly popular with government agencies. This method is based on identifying project requirements, designing performance measurements for project costs and schedules, monitoring the actual progress associated with costs and schedules and analyzing any deviations from the plan. EVM is helpful in determining just how much a ...

Solution Summary

The solution contains 261 words of text along with one APA formatted reference.