CHAPTER 2

EARNED VALUE PROJECT MANAGEMENT OVERVIEW

2.1 Introduction

The Practice Standard for Earned Value Management was developed as a supplement to A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The purpose of this practice standard is to:

  • Provide a standard for project management practitioners and other stakeholders that defines the essential aspects of applying earned value in project management.
  • Provide a reference for the basic concepts and applications of earned value management that is consistent and globally applicable.

Earned value management is a management methodology for integrating scope, schedule, and resources; for objectively measuring project performance and progress; and for forecasting project outcome. ...

Get Practice Standard for Earned Value Management, 2nd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.