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Seven EVM Principles
Seven EVM Principles (ANSI/EIA-748-1998)
- Plan all work scope for the project to completion.
- 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.
- 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.
- Use actual costs
incurred and recorded in accomplishing the work performed.
- Objectively assess
accomplishments at the work performance level.
- Analyze significant
variances from the plan, forecast impacts, and prepare an estimate
at completion based on performance to date and work to be performed.
- Incorporate Earned
Value Management in the project decision-making and review processes.
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