A primary goal of project managers is to guarantee that projects are executed in adherence to their planned cost and duration. Nonetheless, because real-life initiatives are inherently uncertain, projects are rarely completed precisely within the allocated budget and timeline, making it necessary for managers to maintain a proactive approach throughout the project's lifecycle to minimize any potential deviations. Therefore, effective monitoring and control are crucial in ensuring project successful delivery. Over the years, several methodologies have been put out with the objective of providing managers with the proper tools needed to carry out such activities. Among them, one that garnered widespread use and acclaim among practitioners is Earned Value Management (EVM), mainly due to its remarkable simplicity and broad applicability.