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.) |
m (The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).) |
||
| Line 1: | Line 1: | ||
| − | 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.<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> | + | 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: | ||
*Relate time phased budgets to specific contract tasks and/or statements of work. | *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. | + | *Provide the basis to capture work progress assessments against the [[baseline]] plan. |
*Relate technical, schedule, and cost performance. | *Relate technical, schedule, and cost performance. | ||
| − | *Provide valid, timely, and auditable data/information for proactive project management analysis and action. | + | *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. | + | *[[Supply]] managers with a practical level of summarization for effective decision making. |
Revision as of 15:33, 6 February 2021
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