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A Practical Guide to Earned Value Project Management, 2nd Edition by Charlene M. Budd, Charles I. Budd

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CHAPTER 4

 

The Earned Value Management System

Because of the combination of the importance of critical projects, the ever-increasing speed required for completion, and the notorious failures in project management, there is a genuine need for dependable, objective information. Senior management depends on project progress reports and projections of end-of-project results to make vital decisions. The Earned Value Management System arose from these needs and is a valuable, objective process. A later chapter discusses possible implementations of modified earned value systems, but first let’s examine the origins, benefits, and deficiencies of EVMS.

EVOLUTION OF THE EARNED VALUE MANAGEMENT SYSTEM

U.S. government entities, such as the Department of ...

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