EARNED VALUE MANAGEMENT AND ANALYSIS

Abstract

This note introduces the ‘Earned Value Management’ (EVM) system that provides a framework for project monitoring based on the project’s physical and financial indicators. EVM assesses health of any project against both cost and schedule, and hence provides a solution to the project management issues faced in public sector organisations. Although EVM is simple and easy to use, the public sector in Pakistan has largely overlooked this project measurement and management system. The current note intends to fill this gap. Although the note can be used as a standalone teaching resource, its intended use is in combination with the following case: Rehabilitation of Lower Chenab Canal Eastern: Challenges in Project Performance Management Authors: Dr Arif I. Rana, Dr M. Abdur Rahman Malik and Dr Aisha Azhar LUMS No.: 03-851-2013-1.