ABSTRACT
Introduction Earned value management (EVM) is a contemporary project management cost and schedule analysis technique that has gained broad industry acceptance over the past few years. Originally introduced into the project management sphere in the 1960s, this topic lay essentially dormant for about 40 before the commercial world began to embrace its usage. There is now broad evidence to indicate that EV provides one of the most effective and meaningful project status analysis tools available today to measure and report cost, schedule, and performance. Stratton (2012) reports that “. . . use of EVM increased in 2011 by 13% over 2010.” Also, this growth is occurring well beyond the boundaries of the USA. EV has the unique ability to combine cost, time, and scope completion measurements within a single integrated methodology.
