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Earned Value Management

In: Integrated Project Management and Control

Author

Listed:
  • Mario Vanhoucke

    (University of Ghent)

Abstract

Earned Value Management (EVM) is a methodology used to measure and communicate the real physical progress of a project and to integrate time, cost and scope into a single project management and control system. It takes into account the work completed, the time taken and the costs incurred to complete the project and it helps to evaluate and control project risks by measuring project progress in monetary terms. The basic principles and the use in practice have been comprehensively described in many sources (Fleming and Koppelman 2005).

Suggested Citation

  • Mario Vanhoucke, 2014. "Earned Value Management," Management for Professionals, in: Integrated Project Management and Control, edition 127, chapter 0, pages 17-31, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-319-04331-9_2
    DOI: 10.1007/978-3-319-04331-9_2
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    Citations

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    Cited by:

    1. Vanhoucke, Mario & Colin, Jeroen, 2016. "On the use of multivariate regression methods for longest path calculations from earned value management observations," Omega, Elsevier, vol. 61(C), pages 127-140.
    2. Mohammadreza Sharifi Ghazvini & Vahidreza Ghezavati & Sadigh Raissi & Ahmad Makui, 2017. "An Integrated Efficiency–Risk Approach in Sustainable Project Control," Sustainability, MDPI, vol. 9(9), pages 1-20, September.
    3. M. T. Hajiali & M. R. Mosavi & K. Shahanaghi, 2014. "Estimation of Project Completion Time-Based on a Mixture of Expert in an Interactive Space," Modern Applied Science, Canadian Center of Science and Education, vol. 8(6), pages 229-229, December.
    4. Merkourios Papanikolaou & Yiannis Xenidis, 2020. "Risk-Informed Performance Assessment of Construction Projects," Sustainability, MDPI, vol. 12(13), pages 1-20, July.
    5. Cohen, Izack & Iluz, Michal, 2015. "When cost–effective design strategies are not enough: Evidence from an experimental study on the role of redundant goals," Omega, Elsevier, vol. 56(C), pages 99-111.
    6. Martens, Annelies & Vanhoucke, Mario, 2019. "The impact of applying effort to reduce activity variability on the project time and cost performance," European Journal of Operational Research, Elsevier, vol. 277(2), pages 442-453.
    7. Song, Jie & Martens, Annelies & Vanhoucke, Mario, 2022. "Using Earned Value Management and Schedule Risk Analysis with resource constraints for project control," European Journal of Operational Research, Elsevier, vol. 297(2), pages 451-466.
    8. Song, Jie & Martens, Annelies & Vanhoucke, Mario, 2020. "The impact of a limited budget on the corrective action taking process," European Journal of Operational Research, Elsevier, vol. 286(3), pages 1070-1086.
    9. Plaza, Malgorzata, 2016. "Balancing the costs of human resources on an ERP project," Omega, Elsevier, vol. 59(PB), pages 171-183.

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