Node A6 · Acronym decoder
EVM
Earned Value Management
What it actually means
The program-control method that integrates scope, schedule, and cost into one baseline so progress can be measured objectively: work is budgeted in pieces, and you "earn" each piece's budgeted value when the work is done. Comparing earned value to planned value and actual cost yields the standard variances and indices — and an early, statistically stubborn warning of trouble.
Where you'll meet it
Required on large government contracts; the source of CPI, SPI, EAC, and monthly variance reports.