Earned Value Management (EVM) is used to do what?

• A. To integrate scope, schedule, and cost metrics to assess project performance and forecast outcomes.
• B. To track resource utilization only.
• C. To manage stakeholder communications.
• D. To document change requests.

Answer: (A)

Earned Value Management measures project performance by integrating scope, schedule, and cost. It uses earned value to quantify the work actually completed against what was planned (schedule) and what it cost (cost), giving a clear picture of whether the project is on track and enabling forecasts of final cost and completion date. By comparing planned value, earned value, and actual cost, you get variances and performance indices that reveal how well the project is performing and what to expect as work continues. This approach ties together what the project intends to deliver, when, and at what cost, so you can detect deviations early and adjust accordingly. It’s not just about tracking resources, managing communications, or recording change requests—those are handled by other processes; EVM focuses on the quantitative assessment of how the plan is performing across scope, schedule, and cost.