The Integration between Earned Value Management and Risk Management

Abstract

The success criterion of a project is to achieve all project objectives and scope of work within the dedicated budget, targeted time and quality requirements. A lot of techniques have been developed to monitor, control and evaluate the project cost and time performance. One of these widespread techniques is the Earned Value Management technique which effectively measures the project performance to date in the terms of cost and time. On the other hand, the Risk Management technique is dedicated to address any future threats or opportunities.