EVOLUTION OF PMI'S PRACTICE STANDARD FOR EARNED VALUE MANAGEMENT
B.1 Initial Development: 2001–2005
Recognizing the need for global guidance on earned value management (EVM) beyond that included in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), the Project Management Institute (PMI) initiated its second practice standard project in 2001 and invited the PMI College of Performance Management (PMI-CPM) to assume a leadership role. PMI-CPM accepted the invitation and agreed to contribute both knowledge and financial resources to help make the project a success. It was agreed that the PMI-CPM Vice President of Professional Development, Dr. John Singley, PMP, would serve as Project Manager of PMI's Practice Standard ...