Introduction Value and budget management are generally regarded as the key for successful project management and implementation. Central principles of earned value management are associated with detailed planning of the available time, financial, and human resources. The aim of this project is to create an earned value management plan for implementing a Park Road Stadium project developed by Birmingham United FC. The report will involve seven key components that are required for a detailed and thorough earned value report. These are: Work Breakdown Structure (WBS), Organisation Breakdown Structure (OBS), Control Accounts, cost loaded project programme, record of actual costs against budget, earned value, cost variance and schedule variance reports, estimations for report completion based on performance. These values are required for the detailed assessment of the performance effectiveness, as well as the project planning in the case of smooth implementation, risks, and unexpected factors. Project Overview Previously to creating the necessary structures and plans for monitoring the project implementation, there is a necessity to consider the processes that are connected with the accurate cost information. The actual costs of the work that are the inevitable part of the Earned Value Management System involve labour costs, direct and indirect expenses, costs of materials, as well as subcontractor costs. The actual costs of the project are associated with the identification costs of the elements that define cost variance, and that should be recorded in consistence with the budget. In accordance with the research by Schuster (157): Cumulative costs should be recorded so that costs for the period are calculated as the difference between cumulative costs last period and current cumulative costs. It is essential that procedures are in place to protect the integrity of the bookings to the work packages/control accounts – common numbering systems in use throughout the project based on the Work Breakdown Structure. In the light of this statement, the actual importance of the WBS is explained by the opportunity of strict identification of the responsibility delegation system, and allocation of the project assignments. Hence, the properly created WBS chart helps manager restructure the project implementation in the case of urgency. Work Breakdown Structure This structure is required for proper control of the values, costs, and expenses of the project. Therefore, the actual importance of WBS for this project is the opportunity to control the efforts, allocate labour resources, create the common framework for the natural development of the planning process, as well as the creation of the proper basis for dividing work into structural components. As a rule, this breakdown structure is associated with summing and subordinating costs for the key tasks, allocation of the materials, and successful risk management practices. (Straight, Lawler and Schwartz, 37) Organisation Breakdown Structure OBS for the stadium project may be regarded as the intermediate level of the organizational relations and task assignment. The key importance of this structure is explained by the fact that this helps o identify clear links within the organization for tracing the assignment accomplishment, restructuring of