Effective Project Performance Evaluation Practices

Earned Value Management is a best practice approach that is used to monitor and evaluate project performance based on factors of time, cost, and progress. Identify the three EVM metric measurements that are monitored to evaluate a project’s current and forecasted performance. Relating to your workplace experience, identify two EVM metrics used to determine current performance and one EVM metrics used to forecast performance. For each identified EVM metric, explain how it is derived and how to interpret its meaning, as well as an effective representation in the project dashboard to disseminate the EVM metric meaning.