Technical Performance Based Earned Value as a Management Tool for Engineering Projects

In the project management, one of the keys for the project success is the control of the project in terms of performance, progress and cost. The first practice to control a project is just checking the financial reporting and therefore the project control is only based on the cost control (budgeted versus actual incurred cost). But the experience, especially from projects that failed, shows that a more efficient project management requires controlling also the project perform‐ ance and scheduling besides the cost.