Federal IT Capital Planning and Investment Control (with CD)

CHAPTER 12

Conducting an Independent or Integrated Baseline Review

“There is no use trying,” said Alice, “one can’t believe impossible things.” “I dare say you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”

—LEWIS CARROLL, ALICE’S ADVENTURES IN WONDERLAND, 1865

Earned-value management (EVM) is a useful methodology for setting expectations and communicating project progress to stakeholders to mitigate the adverse impact of problems that could delay project completion or cause unplanned expenses. One critical way to ensure that EVM tracks useful and accurate information is to validate that the project estimates, ...