EVM is an integrated management control system for assessing, understanding
and quantifying what a contractor or field activity is achieving with
- Integrates technical, cost, schedule, with risk management
- Allows objective assessment and quantification of current project
- Helps predict future performance based on trends.
EVM provides project management with objective, accurate and timely data
for effective decision making
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)