The Power of Enterprise-Wide Project Management

16.1. Earned Value Measurements

Mature project business management and controls for large multiproject operations require the ability to plan and document the work, estimated costs, budgets, and schedules. This requires a common enterprise work breakdown structure (EWBS) for planning the work in detail for the near term and at summary levels for long-range work plans. The most successful PBMISs are those that can routinely integrate budgets, estimates, actual costs, physical progress, and schedule progress within a single system and generate integrated budget/cost/schedule reports and earned value performance metrics.

In the earned value methodology, the EWBS is the structure around which the work is planned, with the lowest level being the ...