What does Earned Value Management integrate?

Earned Value Management (EVM) is a project management technique that integrates the scope of work with cost and schedule to assess project performance and progress. By linking technical performance to its associated cost and schedule, EVM allows project managers to evaluate how much of the project has been achieved, the cost of that achievement, and how the progress compares to the planned performance. This integration is crucial because it provides a comprehensive view of project health, enabling managers to identify variances, forecast future performance, and implement corrective actions if necessary. This holistic approach ensures that all aspects of project execution are aligned and that resources are being utilized effectively to meet project objectives.