Earned Value is a project management technique which can be used as a leading performance indicator allowing project managers to identify and control project problems before they become insurmountable. Earned Value provides significant improvement over the traditional project measures. Traditional project measurement uses planned expenditures and actual costs. Earned Value uses the traditional project measures plus a third dimension - the actual accomplishment. Actual accomplishment gives project managers greater insight into potential project risks. It also provides more accurate estimates for the estimated completion costs and schedule. With these project leading performance indicators, project managers can proactively manage their project with a greater rate of success.