Civil Engineering PE

Answer: D - Earned Value Management is a project management tool used to evaluate a project’s performance and progress by integrating the project scope, schedule and cost. The EVM method is used determine the true value of a project’s performance by comparing the “planned value” of the work to be done with the “earned value” of the work actually completed and the “actual costs” spent to complete the work. In 2005, the U.S. Office of Management and Budget issued a government-wide mandate that requires all agencies to use EVM on all major information technology (IT) and other projects.