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Project Management PMBOK® Definitions, Explanations and Examples

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Term Definition
EVM

Earned Value Management.
EVM technique integrates project measurements relating to Scope , Schedule and Budget. This way we can evaluate the project on the basis of its three main constraints TOGETHER. The trick is to convert all these measurements to a common unit , generally the cost unit. Please refer to PV, EV and AC for details of these 3 measurements.

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