VM is a technique that’s used in controlling the cost to include the time of a project. The reason why a project is key to the failure or the success rate of the project. The guidelines define the requirements and form an umbrella for those guidelines that management systems of contractors should meet for any project to be successful. EVM performance measures the schedules variance SV which does measure the time performance of the projects. Another is an earned schedule allowing measurements of the performance index and lastly the planned duration representing a period that undertakes the project. The top three would be most important are; 1. Time 2. Cost 3. Scope Time: important in project implementation which can help start to generate revenue. Cost: reveals the capital outlay of startup investments in a project. Scope: it essentially tells the nature and size of the project helping for the implementation.
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