CHAPTER 33

Earned Value Management

LEE R. LAMBERT, PMP, LAMBERT AND ASSOCIATES

Earned value management (EVM), often referred to simply as earned value, is a productive technique for the management of cost and schedule that is required on many United States government contracts. In recent years, EVM has shown itself to be equally valuable when applied to other complex projects, whether in private, commercial, or government environments.

In the world of EVM, the role of the control account manager (CAM) is pivotal in the process. The project manager and all of the other traditional project management contributors are active participants and have significant responsibilities that cannot be underestimated. However, because of the critical role of ...

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