earned value


Also found in: Acronyms.

earned value

[¦ərnd ′val·yü]
(industrial engineering)
The budgeted cost of the work performed for a given project.
References in periodicals archive ?
SUBJECT: Revision to DoD Earned Value Management Policy
Management Technologies has just completed its Earned Value Professional (EVP) exam prep workshop for employees of CH2M HILL Hanford Group and Fluor.
Both the CPR and IMS are tailorable for contracts valued at less than $50 million, and tailoring guidance has been included in the new version of the DoD Earned Value Management Implementation Guide (EVMIG).
AUSTIN, Texas -- Planview[R], the leading independent provider of enterprise-wide portfolio and performance management solutions, today announced a strategic partnership with Performance Management Associates (PMA), a division of SM&A (Nasdaq: WINS), to offer Planview customers comprehensive Earned Value Management (EVM) services.
The IPMD is industry's leading advocate on the use and implementation of EVM practices and has authored and maintains the EIA-748 Standard for Earned Value Management Systems, as well as a set of related industry best practice guides.
Earned value, Project delay, Project management, Schedule analysis.
The PMBOK Guide also covers EVM topics such as scheduling (including network diagrams), PMB, control accounts, work packages, earned value, variance analysis, estimate at completion, and management reserve.
The text is organized in nine chapters covering redefining projects, managing time and timing, tackling projects by investment value, managing project time, optimizing schedules with drag and drag cost, managing resources and orightsizing,o the fundamentals of earned value, and advanced earned value.
With this technology partnership, Empower customers can effectively and efficiently access EcoSys EPC s earned value management and capital program management data.
A complement to A Guide to the Project Management Body of Knowledge, the standard identifies a subset of project management practices that are used for earned value management.
The earned value concept was developed to correct serious distortions in assessing a project's cost performance generated by comparing actual costs with a time-phased budget.