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, normally earned
so far (since the project element began). Earned value management (EVM) is described in the ANSI/EIA 748-98 standard. Earned
value management (EVM) allows the evaluation of contractor management
systems. Earned value management (EVM) replaced the cost/schedule control
systems criteria (C/SCSC).
Other topics in our resources on Project Management related to Earned Value Management include: