Practice Standard for EARNED VALUE MANAGEMENT

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Practice Standard for EARNED VALUE MANAGEMENT

Contents:
  • Basic Elements of Earned Value Management
  • EVM Performance Analysis and Forecasting
  • Guidance for the Use of Key EVM Practices

The Practice Standard for Earned Value Management (EVM) has been developed as a
supplement to A Guide to the Project Management Body of Knowledge (PMBOK Guide).
The Practice Standard for EVM is designed to provide readers who are familiar with
the PMBOK Guide with a fundamental understanding of the principles of EVM and
its role in facilitating effective project management.



The Practice Standard for EVM assumes that the reader has a basic working knowledge
of Project Management Process Groups, Knowledge Areas, and other key concepts
such as work breakdown structures (WBS) and critical path method (CPM) scheduling,
as outlined in the PMBOK Guide. If that is not the case, it is recommended that the
reader undertake a review of the PMBOK Guide before reading the Practice Standard
for EVM.

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