Project Management Glossary

Earned Value (EV).  Earned value (EV) is the amount of the project budget earned by the developer up to a certain point, normally earned so far.

Earned Value Management (EVM).  Earned value management (EVM) is the term used to refer to management of earned value (EV), which is the amount of the project (or activity, or work-package) budget earned by the developer up to a certain point.

Earned Value Management System (EVMS).  The earned value management system (EVMS) is described in the ANSI/EIA 748-98 standard.

Effective Time Management.  Effective time management encompasses those activities undertaken by project managers and other managers in managing their schedules.

Engineering Project Management.  Engineering project management is a particular form of project management undertaken in an engineering context, rather than a general project management.

Estimated Cost.  Estimated cost is another term for planned cost.

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