{"id":20816,"date":"2019-06-11T11:27:18","date_gmt":"2019-06-11T11:27:18","guid":{"rendered":"https:\/\/www.proprofs.com\/c\/?p=20816"},"modified":"2025-03-05T12:02:20","modified_gmt":"2025-03-05T12:02:20","slug":"earned-value-management-in-project-management","status":"publish","type":"post","link":"https:\/\/www.proprofsproject.com\/blog\/earned-value-management-in-project-management\/","title":{"rendered":"What is Earned Value Management & How its Theories Affect PM Software"},"content":{"rendered":"

When the first-ever project management department was developed in the US Navy in the 1950s, it was just the beginning of a glorious journey. At the turn of the millennium and (almost) two decades later, we are still marveling at the wonders project management can do for us. <\/span><\/p>\n

From NASA to your local advertising agency, every firm has project management departments that function for the sole purpose of planning, preparing, analyzing, and scheduling costs and outcomes of a project.<\/span><\/p>\n

Earned value management<\/a> (EVM) did not come into the scene until 1989, and <\/span>project management<\/span> already had its dynamic streams of thoughts, thanks to Dupont and Taylor, among others. Measuring the performance of a project against the project baseline has plenty of benefits. Read on to know what is earned value in project management and how EVM is an effective factor when using project management software.<\/span><\/p>\n

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