Earned Value Management (EVM)

Program/Project Management Resource List #55

Updated July 2009

Provided by the NASA Headquarters Library

The first version of earned value management (or EVM) was developed during the Sixties by the Pentagon to measure how its projects were progressing. Since 2005, EVM has been a part of general federal project risk management practice. Using EVM, a project manager can answer these questions:

  • How much is it really costing us to earn each unit of forecast value?
  • How much is going to cost by the finish?
  • When is it going to finish?
  • Where are we now?
  • Where are our problem areas?
  • How does this compare with other projects?
(Checklist adapted from the Earned Value Factsheet of the Association for Project Management)

All items are available at the Headquarters Library, except as noted. NASA Headquarters employees and contractors: call x0172 or email Library@hq.nasa.gov for information on borrowing or in-library use of any of these items. Members of the public, contact your local library for the availability of these items. NASA Headquarters employees can request additional materials or research on this topic. The Library welcomes your comments or suggestions about this webpage.


Contents: Policies Books E-books Articles and Reports Internet Resources

NASA Policies

The following policies and procedural requirements can be accessed by anyone through the NASA Online Directives Information System:
 
NASA Policy Directive 7120.4: Program/Project Management
 
NASA Procedural Requirements 7120.5D: NASA Space Flight Program and Project Management Requirements
 
NASA Procedural Requirements 7120.7: NASA Information Technology and Institutional Infrastructure Program and Project Management Requirements
 
NASA Procedural Requirements 9501.2D: NASA Contractor Financial Management Reporting

Books

Budd, Charles I. and Charlene S. Budd. A Practical Guide to Earned Value Project Management. Vienna, VA: Management Concepts, 2005.
HD69 .P75 B83 2005 PPM-STACKS
Note: Also available as an e-book in SATERN.
 
Fleming, Quentin W. and Joel M. Koppelman. Earned Value Project Management. Newton Square, PA: Project Mangement Institute, 2000.
HD47.3 .F59 2000 PPM-STACKS
Note: Also available as an e-book in SATERN.
 
Project Management Institute. Practice Standard for Earned Value Management. Newtown Square, PA: Project Management Institute, Inc., 2005.
HD69 .P75 P72 2005 PPM-STACKS
Note: Also available as an e-book in SATERN.
 
Solomon, Paul J., and Ralph R. Young. Performance-based Earned Value. Hoboken, NJ:, J. Wiley and Sons, 2007.
HD47.4.S65 2007 PPM-STACKS
 
United States. National Aeronautics and Space Administration. Office of Inspector General. Audit Report: Earned Value Management at NASA. Washington, D.C.: The Office, 1999
TL521.3 .A93 E38 1999 BOOKSTACKS
 
__________. Audit Report: Earned Value Management at NASA-ECS Performance Measurement Baseline. Washington, D.C.: The Office, 1999
TL521.3 .A93 E47 1999 BOOKSTACKS

E-books

All e-books listed here are available to NASA civil servants and contractors through the Books 24x7 service of SATERN.
 
Government Electronics and Information Technology Association. EIA Standard: Earned Value Management Systems. Government Electronics and Information Technology Association, 1998.
This e-book is also available through the website of the NASA Technical Standards Program.

Articles and Reports

Banerjee, Bakul. "Estimating design costs for first-of-a-kind projects", in: IEEE International Engineering Management Conference, Salvador, Brazil, Sept. 17-20, 2006.
(879083: (May 2008) Dept. of Energy Information Bridge)
 
Counts, Stacy, and Jerald Kerby. "Implementing EVM Data Analysis Adding Value from a NASA Project Manager's Perspective", in: The Project Management Institute/International Project Management Symposium, Canberra, Australia, March 1-3, 2006.
(20060016366: (Dec. 2006) NTRS)
 
Haupt, Eleanor. Basic Earned Value Management for Program Managers. Aeronautical Systems Center, Wright-Patterson Air Force Base, OH, 1 June 2002.
(ADA403737: (June 2002) DTIC)
 
Jansen, Michael. "Earned Value-Added", ASK Magazine, no. 21 (Winter 2005), p. 14-17.
 
Jansma, P.A., et al. "When Serious Project Management is a Critical Business Requirement", in: Oracle Applications User Group Conference, Philadelphia, PA, April 25, 2000.
(20060040429: (Dec. 2006) NTRS)
 
Joines, J., L. Gibby, and R. Egger. "Integrating Cobra for Cost/Earned Value Management in the Oracle Financials Environment", in: WELLOM World - USA 2000, New Orleans, LA, May 10, 2000.
(20060032454: (Dec. 2006) NTRS)
 
Kane, Kevin, and Jim Muir. EVMS in International Environments. Office of the Undersecretary of Defense (Acquisition and Technology), Washington, DC, 1 June 2002.
(ADA405988: (June 2002) DTIC)
 
Kerby, Jerald, and Stacy Counts. "Putting EVM to the Test", ASK Magazine, no. 21 (Winter 2005), p. 18-21.
 
__________. "NASA EVM Overview and Case Study", in: Performance Management for Defence Conference, London, UK, May 23-24, 2006.
(20060024660: (Sept. 2006) NTRS)
 
Meridian Consulting Group, Inc. Earned Value Management Systems (EMS) Basic Concepts. Meridian Consulting Group, Inc., Bellevue, WA, 1 June 2002.
(ADA403490: (June 2002) DTIC)
 
Rhodeside, Glenn. "Earning Value Against Resistance", ASK Magazine, no. 21 (Winter 2005), p. 22-23.
 
Rice, Chris, and Robin Locksley. Establishing a Program for Applying Earned Value Metrics to Flight Test, Naval Air Warfare Center, Aircraft Division, Patuxent River, MD, Jan. 2000.
(ADA375749: (April 2000) DTIC)

Internet Resources

Dept. of Energy. Earned Value Management. July 15, 2009 [July 20, 2009].
http://www.management.energy.gov/policy_guidance/earned_value_management.htm
 
Kerby, Jerald. NASA Earned Value Management. July 15, 2009 [July 20, 2009].
http://evm.nasa.gov/index.html
 
Office of the Under Secretary of Defense (Acquisition, Technology & Logistics) Acquisition Resources & Analysis/Acquisition Management. Earned Value Management. Feb. 4, 2009 [July 20, 2009].
http://www.acq.osd.mil/pm/
 
Project Management Institute. College of Performance Management. May 26, 2009 [July 20, 2009].
http://www.pmi-cpm.org/pages/home/index.html
  July 2009