Performance-Based Earned Value® (PBEVSM)

Paul Solomon's Performance-Based Earned Value (PBEVSM) is a methodology that project managers can use to accurately predict project costs and schedules. PBEVSM has been around for a while, but it's recently gained popularity due in part to the success of some high-profile projects that have used the methodology.

What is Paul Solomon’s Performance-Based Earned Value (PBEVSM)?

Paul Solomon's Performance-Based Earned Value Management (PBEVSM) is a set of principles and guidelines that specify effective measures of technical performance for use with the Earned Value Management (EVM) methodology. This method supports Department of Defense policy and guidelines and ensures that the product requirements baseline (PRB) is incorporated into the Performance Measurement Baseline (PMB). PBEV is a way to measure technical performance and quality based on standards and models that focus on customer requirements in order to provide cost-effective processes. EVM is important because it helps organizations ensure projects are completed on time, within budget, and to the required quality level by measuring project progress as well as meeting objectives.

PBEVSM guidelines are based on standards and models for systems engineering, software engineering, and project management.

What are the benefits of using PBEVSM?

The benefits of using Paul Solomon's Performance-Based Earned Value (PBEVSM) include ensuring that the product requirements baseline is incorporated into the performance measurement baseline. PBEVSM also helps to ensure that software development processes are consistent with standards and models for systems engineering, software engineering, and project management. Additionally, PBEVSM provides principles and guidance for cost-effective processes while also helping to measure cost, schedule, and product quality performance. Consequently, PBEVSM can help to ensure that projects are on track and that costs are reasonable in long-term or complex projects.

See Also

• Project Management
• Corporate Governance
• IT Governance
• Department of Defense Architecture Framework (DoDAF)