Earned Value Technique which refers specifically to the specific technique in which the actual values of the work related performance is measured for any and all particular work components and of schedule activities, control accounts, and projects. The earned value technique is a convenient one for project managers and project teams to utilize because if helps to concisely and fairly accurately determine some real time numbers and values as far as amount of work that will be expended and required for future performances as well as providing superior insight into the amount of work that has been expended previously. Earned Value Technique can also be known by the 3 letter anagram EVT. Earned Value Technique can also be referred to as the earning rules and/or crediting method. Earned value technique should not be confused with effort, which is described below, or with earned value, which is related but refers more to the actual value and less to the technique.