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Earned Value Management: A Global and Cross-Industry Perspective on Current EVM Practice by Lingguang Song

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CHAPTER 5

EVM Practice Standards and Service Market

Implementing and maintaining an EVM system is likely to be a major undertaking for many organizations. EVM practice standards, which are packed with best practices and guidance, provide practitioners with a comprehensive conceptual framework to follow. To materialize the EVM system and make it effective requires efforts from within the organization as well as external supports from the EVM-related service market. EVM practice standards and the service market are the topics of this chapter.

5.1 EVM Practice Standards

As emphasized in Chapter 2, an effective application of EVM relies on a system view of various Project Management functions that are carefully augmented and aligned. There is a ...

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