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Earned value management (EVM)

Abbreviation(s) and Synonym(s):

EVM

Definition(s):

  a project (investment) management tool that effectively integrates the investment scope of work with schedule and cost elements for optimum investment planning and control. The qualities and operating characteristics of EVM systems are described in American National Standards Institute (ANSI)/Electronic Industries Alliance (EIA) Standard – 748–1998, Earned Value Management Systems, approved May 19, 1998. It was reaffirmed on August 28, 2002. A copy of Standard 748 is available from Global Engineering Documents (1– 800–854–7179). Information on EVM systems is available at www.acq.osd.mil/pm.
Source(s):
NIST SP 800-65 [Withdrawn]