EARNED VALUE PROJECT MANAGEMENT OVERVIEW
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. ...