Practice Standard for Earned Value Management, 2nd Edition

CHAPTER 1

INTRODUCTION

The Practice Standard for Earned Value Management—Second Edition has been developed as a supplement to A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) [1].¹ A practice standard is a document that describes established norms, methods, processes, and practices. The information in this practice standard evolved from the recognized good practices of earned value management (EVM) project management practitioners. It reflects what are considered to be best practices on projects that use earned value management techniques. The practice standard provides guidelines for managing individual projects. It does not provide information on managing programs or portfolios of projects.

This practice standard is designed ...