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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 5

 

The Project Plan (Criterion 1)

The first EVMS criterion sets the tone for following the entire system. You will need a complete understanding of (1) the work breakdown structure (WBS), which includes work packages (WPs); (2) a WBS dictionary; and (3) additional project input. In this chapter, we recommend some ways to develop the WBS and introduce the concept of the control account and its influence on the construction of the WBS.

EVMS CRITERION 1

Define the authorized work elements for the program. A work breakdown structure (WBS), tailored for effective internal management control, is commonly used in this process.

The first sentence of this EVMS criterion seems quite simple, but it contains two extremely important words: define ...

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