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What
is EVM?
EVM is an integrated management control system for assessing, understanding
and quantifying what a contractor or field activity is achieving with
program dollars
- Integrates technical, cost, schedule, with risk management
- Allows objective assessment and quantification of current project
performance
- Helps predict future performance based on trends.
EVM provides project management with objective, accurate and timely data
for effective decision making
Policy References
OMB Circular A-11, Appendix J; NPR 7120.5 (latest version), NASA Space Flight Program and Project Management Requirements; EIA-748 Standard for Earned Value Management Systems (see the Regulations/Requirements webpage for further details)
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