[INFOGRAPHIC] Earned Value Management (EVM) is a widely used project management process and technique to measure project performance. It’s an extremely important part of the PMP exam, so project managers wanting to get certified need to understand what EVM is. This is why created this concise 'cheat sheet'.
The Practice Standard for Earned Value Management, Second Edition: Expands on the earned value information in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) –Fourth Edition. EVM is often referred to as “management with the lights on” because it helps objectively and succinctly identify where a project is and where it is going. The methodology incorporates project scope, schedule and costs, and the process is applicable across many Knowledge Areas and Process Groups.