This document discusses earned value management (EVM) and how it can be used to objectively measure and report on project performance and forecast completion. EVM relies on measuring actual work completed against planned budgets and schedules using components like planned value, earned value, actual costs, schedule variance, and cost variance. These measurements can help determine estimates at completion, estimates to complete, and a to-complete performance index to forecast project risks and remaining resource needs. An example project is provided to demonstrate how to calculate these key EVM metrics.