In other words . . .

Earned Value (EV) Performance Measurement

• Is an important technique
  • If you believe the literature on project management

• Is a method of gauging progress
  • Applicable to the execution phases of a project
  • Where the product is tangible and measurable

The concept

• Is to integrate budgeted cost and schedule with actual costs and schedule

The principle is sound

• But in practice, may be of questionable value
  • The technique depends on discrete work packages
  • That can be measured as work progresses