Earned Value Project Management (EVPM) is a methodology used to measure
and communicate the real physical progress of a project taking into
account the work completed, the time taken and the costs incurred to
complete that work. As a result, EVPM allows more educated and effective
management decision-making, which helps evaluate and control project
risk by measuring project progress in monetary terms. In the first two
editions of Earned Value Project Management, Quentin W. Fleming and Joel
M. Koppelman provided guidance for project management practitioners
already familiar with EVPM, was well as those who were new to the use of
this technique. The third edition expanded the information available on
of EVPM for medium and smaller projects while still being relevant for
larger projects. An important addition to Earned Value Project
Management - Fourth Edition is the discussion of the two perceptions of
the EVM concept. Both are valid, but one is better suited to the
management of major projects while the other appropriate for use on all
projects. The authors cover both perceptions in this book, with a bias
in favor of simple, broad-based EVM for use on all projects.