What is Earned Value Management (EVM)?What is the use of EVM?

1.	What is Earned Value Management (EVM)?What is the use of EVM?
Answer» KNOWLEDGE Area: Integration Management The team will be DEVELOPING the VARIOUS project deliverables. When some significant deliverable will be ready by the team, the team will seek acceptance of the completed deliverables from stakeholders. Once the team will receive acceptance of major deliverables, TYPICALLY at the END of phase or at the end of the project, the team will prepare for logically closing either the phase or the project depending upon where we are. Hence the pre-condition for initiating phase or project closure is successful acceptance of project deliverables by the customer or stakeholders.

Answer»

KNOWLEDGE Area: Integration Management

The team will be DEVELOPING the VARIOUS project deliverables. When some significant deliverable will be ready by the team, the team will seek acceptance of the completed deliverables from stakeholders. Once the team will receive acceptance of major deliverables, TYPICALLY at the END of phase or at the end of the project, the team will prepare for logically closing either the phase or the project depending upon where we are.

Hence the pre-condition for initiating phase or project closure is successful acceptance of project deliverables by the customer or stakeholders.

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