Earned Value Management (EVM) is a method of reporting project status in terms of time and money. It gets us away from best effort or ‘guesstimates’ and provides a way to give solid information to your stakeholders. The below example is not mine and for the life of me, I can not find where I got it from…very sorry. However, I think it is a very easy, basic way to explain this to you.
Basic Earned Value Management (EVM) - PM Hut
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