he Earned Value Management (EVM) concept is important in a project setting. It has many benefits; however, it is not without limitations. First, identify and explain the limitations of EVM. Also, be sure to explain the sensitivity and perishability of the EVM calculation as well as how EVM should be explained along with your financial and cost reports. This will be done to ensure a clear picture of the project status in time. Last, address how the budget at completion impacts Earned Value Management