Practice Standard for Earned Value Management

Practice Standard for Earned Value Management

The Practice Standard for Earned Value Management expands on the earned value information in A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The standard is currently in its second edition.

 

The guide is made up of the following main sections:

  • Introduction
  • Basic Elements of Earned Value Management
    • Description of the basic elements of EVM
    • Derivations of the basic EVM elements
  • EVM Performance Analysis and Forecasting
    • Schedule analysis and forecasting.
    • Cost analysis and forecasting
    • Management by exception
  • Guidance for the Use of Key EVM Practices
    • Establish a performance measurement baseline
    • Measure and analyze performance against the baseline
  • Appendices