EVM pros and cons

Earned Value Management (EVM) is one of the most effective available project management approaches which incorporates all levels of management and provides an early forecast of the project. It has offered a system that can manage effective performance by identifying trends, forecasting problems, and seeing their solutions. Most importantly it provides visibility into whether or not the project is on track to be completed within the budget and on time as per the baseline project schedule. It does so by taking project basic information like planned progress, actual progress, actual cost, budgeted cost, planned value, and earned value. These values [...]