What does earned value management assess?

• A. Time efficiency of project execution
• B. Scope and schedule coordination
• C. Performance and progress of the project
• D. Financial risk management

Answer: (C)

Earned value management (EVM) is a project management technique that integrates the measurement of project performance and progress in terms of scope, schedule, and cost. It allows project managers to assess how much work has been completed in relation to the planned schedule and budget. By comparing the value of the work actually completed (earned value) to the planned value and actual costs, EVM provides a clear picture of project performance.

This focus on performance and progress enables project managers to identify variances and trends early in the project lifecycle, allowing for timely corrective actions to keep the project on track. It goes beyond just tracking whether tasks are completed on time; it also assesses whether the work completed aligns with the budgeted costs, thus providing a comprehensive view of overall project health.