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Earned Value Control Definition and Explanation PDF | Download eBooks

Learn Earned Value Control definition in supply chain management with explanation to study “What is Earned-Value Control”. Study earned value control explanation with SCM terms to review supply chain management course for online MBA programs.

Earned Value Control Definition:

  • A method of assessing performance in project management by combining the costs and times achieved in the project with the original plan.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Earned Value Control Explanation:

EVM gives more data than ordinary undertaking following. It is above and beyond by responding to the inquiry; do we have to where we need to be in the venture? What's more, when are we going to complete this task? It characterizes all the more precisely with respect to where we are in the task just as ascertain its effective finish. The worth included methodology accomplishes more prominent perceivability and control of the undertaking exercises which encourages in reacting to issues right off the bat, subsequently making it conceivable to meet the task courses of events. It gives a reasonable correspondence of the exercises included and improves venture perceivability and responsibility. The essential rule of earned worth administration (EVM) is that the estimation of the bit of work is equivalent to the measure of assets planned to finish it.

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