Project Management

Mastering Project Management Fundamentals Critical For Successful Earned Value Management

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Executive Summary

Earned Value Management (EVM) is a program management technique that integrates cost, schedule, and technical performance to improve overall project management performance while reducing risk. This white paper explores the state of project management and the challenges in adopting EVM today. It then discusses how aerospace and defense organizations can leverage the EVM framework and fundamentals to establish project management best practices and further continuing maturity. Earned value is an essential element in predicting successful delivery, but to derive information that is the most valuable and realistic, an organization must employ standard and consistent project management practices that deliver that information with a high level of certainty.

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