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Principles of EARNED VALUE Management | INTRODUCTION | PMBOK | PMP 2025 #pmp, #pmbok, #pmbok7, #projectmanagement, #pmptraining, #EarnedValuePrinciples, #EarnedValueManagement, #ProjectBaseline, #PerformanceMeasurementBaseline, #PlannedValue, #EarnedValue, #ActualCost, #CostPerformanceIndex, #SchedulePerformanceIndex, #ProjectForecasting, #ObjectiveProgressMeasurement, #VarianceAnalysis, #ProjectMonitoring, #ProjectControl, #ScopeScheduleCostIntegration, #ProjectTransparency, #ProjectAccountability, #PredictiveAnalytics, #EVMConcepts, #PerformanceTracking The principles of Earned Value Management (EVM) form the backbone of a structured approach to measuring project performance by integrating cost, schedule, and scope. At its core, EVM is grounded in the concept that project performance can be quantitatively assessed by comparing what was planned with what was actually achieved. The first key principle is baseline integration—establishing a time-phased plan (also called the Performance Measurement Baseline or PMB) that combines scope, time, and cost. This becomes the reference against which all progress is measured. The second principle involves objective measurement of progress using Earned Value (EV), which quantifies the value of work actually completed. The third is the continuous comparison of earned value against planned and actual values to detect variances early and predict future outcomes. These principles encourage transparency, accountability, and data-driven decisions throughout the project lifecycle. EVM’s foundational rules provide not just a snapshot of current project health, but a reliable forecast of what lies ahead, enabling proactive management actions to ensure project success. Related Videos: Need & Usage of Project Charter: • PMP Lecture No.99: Need & Usage of Project... 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Develop Project Management Plan - Tools & Techniques: • Develop Project Management Plan Process | ... Develop Project Management Plan – Outputs: • Develop Project Management Plan Process – ... Plans or Documents? Get it Right: • PLANS or DOCUMENTS? Get it RIGHT! | KNOW t... Your Searches: earned value analysis earned value analysis project management earned value management interview questions earned value analysis project management questions earned value management earned value management in project management earned value management in hindi earned value analysis project management in hindi earned value analysis in hindi earned value management numerical earned value analysis numerical earned value analysis in software project management earned value earned value management in primavera p6 Thank you for Watching! PM Essential Skills Community: We strongly believe that we should work together! You will have the option to comment or raise your query by adding your comments in any of the videos, and we will answer it as soon as possible! Let's master the art of project management and achieve our professional goals together! SUBSCRIBE & Follow us on YouTube: @PMEssentialSkills 📌 Want to Pass the CAPM Exam on Your FIRST Try? 🚀 Master CAPM with Expert Training on Udemy! ✅ Real-World Project Management Scenarios ✅ Exam-Focused Strategies & Practice Questions ✅ In-Depth Coverage of CAPM Knowledge Areas ⚡ Limited-Time Discount Available! ⚡ 🎓 https://www.udemy.com/course/pmi-capm... 💰 Use Coupon Code: CAPMEXAM2025 📌 Grab Your Discount Before It Expires! https://www.udemy.com/course/pmi-capm... OFFER IS VALID BETWEEN APRIL 23, 2025 & MAY 23,2025 #CAPM #Udemy #ProjectManagement #PMEssentialSkills