Go to...

Earned Value Management (EVM)…the basics

Should all projects or programs utilize Earned Value Management?

Short answer: No
Long answer: The industry standard for project control systems described in American National Standards Institute (ANSI) EIA-748, Earned Value Management Systems, must be implemented on all projects with a total project cost (TPC) greater than $20M for control of project performance during the project execution phase.

Earned Value Management (EVM) is a systematic approach to the integration and measurement of cost, schedule, and technical (scope) accomplishments on a project or task. It provides both the contractee and contractor(s) the ability to objectively examine detailed schedule information, critical program and technical milestones, and cost data.

In layman’s terms, it quantifies the estimated value of the work actually accomplished.

About Derek Huether

I'm Vice President of Enterprise Engagements at LeadingAgile. I'm super focused on results. But I also take the hand waving out of organizational transformations. I come from a traditional PM background but I don't give points for stuff done behind the scenes. The only thing that counts is what you get done and delivered. Author of Zombie Project Management (available on Amazon)

2 Responses to “Earned Value Management (EVM)…the basics”

  1. John diteboore
    December 18, 2008 at 12:26 pm

    First of all congratulation for such a great site. I learned a lot reading the article here today. I will make sure i visit this site once a day so i can learn more.

  2. John diteboore
    December 18, 2008 at 5:26 am

    First of all congratulation for such a great site. I learned a lot reading the article here today. I will make sure i visit this site once a day so i can learn more.

Leave a Reply

Your email address will not be published. Required fields are marked *