Overview of the EVM3
The Earned Value Management Maturity Model (EVM3) is a staged, five-level (versus continuous) maturity model. EVM3 Level 1 is the lowest level and EVM3 Level 5 is the highest.
Level 1: The organization has little or no EVM.
Level 2: The organization has a low-cost, yet effective, EVM system in place and can monitor total project cost and schedule performance.
Level 3: The organization’s EVM is fully compliant with ANSI/EIA guidelines.
Level 4: The organization is strongly committed to EVM, with systems in place to measure and assess its earned value management system.
Level 5: Improving the organization’s earned ...