Earned Value Management
Measuring a project’s progress objectively
Measuring a project’s progress objectively
Every company hopes for a robust return on investment (ROI) when committing capital to a project. At Larmack, we employ the Earned Value Management (EVM) technique as a yardstick to objectively measure not only the progress of a project, but its value. In a nutshell, earned value is derived from the concept that, when a tangible or intangible item is produced, its value has been earned.
According to www.earnedvaluemanagement.com, EVM, which has been used since the 1960s by the Department of Defense, is now being used in a larger variety of government contracts as well as in the private sector.
Using the EVM tool while executing your next project, Larmack’s team of professionals will:
According to www.earnedvaluemanagement.com, EVM, which has been used since the 1960s by the Department of Defense, is now being used in a larger variety of government contracts as well as in the private sector.
Using the EVM tool while executing your next project, Larmack’s team of professionals will:
- Identify the project’s tasks that need to be accomplished
- Assign each step of the project with a planned value
- Establish criteria that determines when each step of the project is to be completed
- Accrue the earned value throughout the course of the project
- Tally the costs throughout the project’s progression
- Compare the project’s actual costs to its estimated costs







