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by Sean McCormack.
Original Post: US Government is using NASA's EVM for Project Management
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Interesting post by Chris Woodruff regarding the use of EVM for management of DoD
projects. Unfortunately, I checked out the website and the EVM info is pretty
light...
Earned value is a management technique that relates resource planning
to schedules and to technical cost and schedule requirements. All work is planned,
budgeted, and scheduled in time-phased "planned value" increments constituting a cost
and schedule measurement baseline. There are two major objectives of an earned value
system: to encourage contractors to use effective internal cost and schedule management
control systems; and to permit the customer to be able to rely on timely data produced
by those systems for determining product-oriented contract status.
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