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Earned Value Management

Earned Value Management (EVM) is a project management technique that helps track a project's progress by comparing the planned work with what has actually been accomplished. It integrates three key aspects: the budget (Planned Value), the value of the work completed (Earned Value), and the actual costs incurred (Actual Cost). By analyzing these components, project managers can assess whether a project is on track, ahead, or behind schedule, and manage resources effectively. EVM provides valuable insights for making informed decisions and ensuring projects remain within budget and timeline constraints.

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    Earned Value Management (EVM) is a project management technique that helps track a project's progress and performance. It combines measurements of project scope, schedule, and costs to provide a clear picture of how much work has been completed compared to what was planned. By analyzing three key metrics—Planned Value (the value of work planned), Earned Value (the value of work actually completed), and Actual Cost (the costs incurred to date)—project managers can assess whether a project is on track, ahead, or behind schedule, and make informed decisions to keep it moving toward successful completion.