• Rohit Shinde

Earned Value Management (EVM) is a well-established project management approach that combines cost, timeline, and scope performance to evaluate the comprehensive advancement of engineering initiatives. This study investigates the significance of Earned Value Management (EVM) in enhancing cost and schedule efficiency, emphasising its capability in predicting project results and addressing discrepancies. This document examines the essential metrics of Earned Value Management (EVM), such as Planned Value (PV), Earned Value (EV), and Actual Cost (AC). It illustrates how these instruments empower project managers to make informed decisions based on data, enhance resource distribution, and reduce project-related risks. The research further explores the obstacles and constraints associated with the application of EVM in engineering initiatives and offers suggestions for navigating these challenges. This study emphasises the practical implications of EVM, highlighting its crucial role in enhancing project delivery while adhering to time and budget limitations.

Earned Value Management, Cost Performance, Schedule Performance, Engineering Projects, Project Management, Risk Management, Performance Metrics, Project Forecasting.

"THE ROLE OF EARNED VALUE MANAGEMENT IN DRIVING COST AND SCHEDULE PERFORMANCE IN ENGINEERING PROJECTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 7, page no.k214-k231, July-2023, Available :http://www.jetir.org/papers/JETIR2307A31.pdf

"THE ROLE OF EARNED VALUE MANAGEMENT IN DRIVING COST AND SCHEDULE PERFORMANCE IN ENGINEERING PROJECTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 7, page no. ppk214-k231, July-2023, Available at : http://www.jetir.org/papers/JETIR2307A31.pdf