Whether you are a project manager, a construction planner or are new to working within projects, EVM can be a great help to you as it is a very useful tool for tracking your project’s performance.ĮVM (Earned Value Management) allows the planned progress of your project to be tracked and compared to your actual progress, taking into account both your schedule and costs. Regardless of the industry you happen to be working in, if you are planning or managing projects using Microsoft Project then knowing how to use Earned Value Management (EVM) will be extremely useful to you.