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Earned Value Management (EVM)

Program/Project Management Resource List #55

Updated Sept. 2011

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)

You may also find items of interest at our webpages on Program Management, Project Budgeting and Cost Control, Project Management Introductory Texts, and Managerial Core Competence.

All items are available at the Headquarters Library, except as noted. NASA Headquarters employees and contractors: Call x0168 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 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 7120.8: NASA Research and Technology Program and Project Management Requirements

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.
 
Kwak, Young-Hoon, and Frank T. Anbari. Project Management in Government: An Introduction to Earned Value Management (EVM). Washington, DC: IBM Center for the Business of Government, 2010.
HD69 .P75 K835 2010 BOOKSTACKS
 
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

E-books

The e-book listed here is available to NASA civil servants and contractors through the Books 24x7 service of SATERN.
 
Song, Lingguang. Earned Value Management: A Global and Cross-Industry Perspective on Current EVM Practice. Project Management Institute, 2010.
 
The e-book listed below is available to NASA civil servants and contractors through the website of the NASA Technical Standards Program.
 
Government Electronics and Information Technology Association. EIA Standard: Earned Value Management Systems. Government Electronics and Information Technology Association, 2007.

Articles and Reports

Banerjee, Bakul. Applying EVM principles to Tevatron Beam Position Monitor Project. FERMILAB-CONF-05-358-CD, Fermi National Accelerator Laboratory (FNAL), Batavia, IL, Aug. 1, 2005.
(15020251: (May 2008) DoE Information Bridge)
 
Brownsword, Lisa and Jim Smith. Using Earned Value Management (EVM) in Spiral Development. CMU/SEI-2005-TN-O16. Carnegie-Mellon University, Pittsbugh, PA, 2005.
(ADA441247: (June 2005) DTIC)
 
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)
 
Crowe, S.L. and A.D. Bache. "Preparing for a Successful EVMS Certification", in: Annual Meeting of AACEI, Anaheim, CA, June 19, 2011.
(1010352: (2011) DoE Information Bridge)
 
Jack, Dennis E. Contract Over Target Baseline (OTB) Effect on Earned Value Management's Cost Performance Index (CPI). Graduate School of Engineering and Management, Air Force Institute of Technology, Wright-Patterson AFB, OH, 2010.
(ADA524080: (June 2010) DTIC)
 
Jansen, Michael. "Earned Value-Added", ASK Magazine, no. 21 (Winter 2005), p. 14-17.
 
Kerby, Jerald, and Stacy Counts. "Putting EVM to the Test", ASK Magazine, no. 21 (Winter 2005), p. 18-21.
 
Rhodeside, Glenn. "Earning Value Against Resistance", ASK Magazine, no. 21 (Winter 2005), p. 22-23.

Internet Resources

Association for Project Management. Sept. 19, 2011 [Sept. 20, 2011].
http://www.apm.org.uk/
 
Dept. of Energy. Earned Value Management. July 15, 2009 [Sept. 20, 2011].
http://energy.gov/management/office-management/operational-management/project-management/earned-value-management
 
Office of the Under Secretary of Defense (Acquisition, Technology & Logistics) Acquisition Resources & Analysis/Acquisition Management. Earned Value Management. June 22, 2011 [Sept. 20, 2011].
http://www.acq.osd.mil/pm/
 
PMI EVM Community of Practice. Aug. 16, 2011 [Sept. 20, 2011].
http://www.pmi-cpm.org/pages/home/index.html
 
Watts, Tommy. NASA Earned Value Management. Jan. 22, 2010 [Sept. 20, 2011].
http://evm.nasa.gov/index.html

Last Updated: Sept. 2011