Earned Value Management (EVM)
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What is Earned Value Management (EVM)?
It’s a method that combines your schedule and budget to give you one clear number showing if you’re ahead or behind on both time AND cost.
Is this just for big companies?
It’s vital for any job with a tight budget. It gives you an early warning if you’re burning through cash faster than you’re making progress, so you can fix it before the job loses money.