Question

What does "EVM" stand for?

Multiple Choice

• Extra Value Materials—premium quality raw materials at the project site.

• Enterprise Vacation Matrix—A chart indicating team members planned vacation absences

• Earned Value Management–a technique for measuring project progress objectively.

• Early Vision Management—An technique used in early project planning meetings for activities that set expectations to highlight and avoid "scope creep."

• External Variance Measurement—identifying the degree to which project time and cost variances were due to forces and issues uncontrollable by the project manager.

Answer 1

Earned Value Management–a technique for measuring project progress objectively.

It is method used by project managers to decipher or evaluate the variances in the project considering the planned work and the performed work accordingly.