A Practical Guide to Earned Value Project Management, 2nd Edition

CHAPTER 9

 

Tracking Performance (Criteria 16–21)

“I think it is an immutable law in business that words are words, explanations are explanations, promises are promises—but only performance is reality.”

— Harold S. Geneen

Criteria 16 through 19 are concerned with recording project costs and, although they seem simple enough, are critical in maintaining an EVMS-compliant system. These four criteria, along with Criteria 20 and 21, however, usually are assumed to be difficult to understand and implement. The detail required in accounting for projects, not the concepts themselves, cause this misunderstanding. The most important aspect of the accounting criteria is the requirement for accurate progress measurement—knowing how to account reliably ...