An Overview of Earned Value Management in Airspace Industry

Abstract

Earned value management (EVM) is an effective project management approach. This method is used to manage project of different sectors and has been revised to improve its schedule estimates, the Earned Schedule Management and the Earned Duration Management and to include new components as quality, the quality earned value management. This paper explores the EVM methodology and proposes a model to manage projects aerospace engineers based in a real case study. The inputs in the model are the planning and the monitoring of the case study, planned value, earned value and actual cost of aerospace projects.