Difference between revisions of "Earned Value Management (EVM)"
(Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.) |
(Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.) |
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Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.<ref>Defining Earned Value Management (EVM) [https://en.wikipedia.org/wiki/Earned_value_management Wikipedia]</ref> | Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.<ref>Defining Earned Value Management (EVM) [https://en.wikipedia.org/wiki/Earned_value_management Wikipedia]</ref> | ||
| − | EVM is more than a unique project management process or technique. It is an umbrella term for 32 guidelines that define a set of requirements.< | + | EVM is more than a unique project management process or technique. It is an umbrella term for 32 guidelines that define a set of requirements.<ref>Basic Concepts of Earned Value Management (EVM)[https://www.humphreys-assoc.com/evms/basic-concepts-earned-value-management-evm-ta-a-74.html Humphreys and Associates]</ref> |
The objectives of an EVMS are to: | The objectives of an EVMS are to: | ||
Revision as of 18:46, 21 December 2018
Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.[1]
EVM is more than a unique project management process or technique. It is an umbrella term for 32 guidelines that define a set of requirements.[2]
The objectives of an EVMS are to:
- Relate time phased budgets to specific contract tasks and/or statements of work.
- Provide the basis to capture work progress assessments against the baseline plan.
- Relate technical, schedule, and cost performance.
- Provide valid, timely, and auditable data/information for proactive project management analysis and action.
- Supply managers with a practical level of summarization for effective decision making.
References
- ↑ Defining Earned Value Management (EVM) Wikipedia
- ↑ Basic Concepts of Earned Value Management (EVM)Humphreys and Associates