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+ NASA Home > EVM > Regulations/Requirements > Seven EVM Principles

Seven EVM Principles (ANSI/EIA-748-1998)

  1. Plan all work scope for the project to completion.

  2. Break down the project work scope into finite pieces that can be assigned to a responsible person or organization for control of technical schedule and cost objectives.

  3. Integrate project work scope, schedule, and cost objectives into a performance measurement baseline plan against which accomplishments may be measured. Control changes to the baseline.

  4. Use actual costs incurred and recorded in accomplishing the work performed.

  5. Objectively assess accomplishments at the work performance level.

  6. Analyze significant variances from the plan, forecast impacts, and prepare an estimate at completion based on performance to date and work to be performed.

  7. Incorporate Earned Value Management in the project decision-making and review processes.

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