Chapter 3. The Genesis and Evolution of Earned Value

Origin of Earned Value

Likely, most of us became acquainted with Earned Value Management (EVM) as it was ingrained in what was then called the Cost/Schedule Control Systems Criteria, or simply the C/SCSC. The C/SCSC constituted nothing more than thirty-five standards of compliance (criteria) that were applied against the management control systems within private industry to assure the consistency and reporting of performance on new United States (U.S.) government acquisition projects. The criteria were imposed by governmental agencies whenever they underwrote the risks of cost growth—that is, whenever they employed either a cost-reimbursable or incentive-type contract for a new development project. ...

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