In functional analysis and quantum measurement theory, a positive operator-valued measure (POVM) is a measure whose values are positive semi-definite operators on a Hilbert space. POVMs are a generalization of projection-valued measures (PVM) and, correspondingly, quantum measurements described by POVMs are a generalization of quantum measurement described by PVMs (called projective measurements).

In rough analogy, a POVM is to a PVM what a mixed state is to a pure state. Mixed states are needed to specify the state of a subsystem of a larger system (see purification of quantum state); analogously, POVMs are necessary to describe the effect on a subsystem of a projective measurement performed on a larger system.

POVMs are the most general kind of measurement in quantum mechanics, and can also be used in quantum field theory. They are extensively used in the field of quantum information.