Chapter 2. Earned Value Project Management ... An Overview
This book is about the management of projects. However, it will discuss the management of projects while employing an approach often referred to as the earned value concept. Hence, we will deliberately use the term “earned value project management” throughout this book to describe what we have in mind.
The concept of earned value has been around for over a hundred years, or perhaps for only three decades, depending on how one counts the beginning. Over the years, it has gone by various titles including industrial factory standards, earned value management, performance measurement, the Planned Value of Work Accomplished (PVWA), the Budgeted Costs of Work Performed (BCWP), the Cost/Schedule ...
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