Earned value management |
Earned Value Management originated in the 1960s as a technique to manage large contracts in the United States Department of Defense. Over many years and many hundreds of contracts, EVM proved its value as the best way to measure progress in achieving contract objectives and to estimate the cost at completion. EVM now is mandatory for all United States government agencies. Their budget requests must include strong business cases exhibiting effective use of EVM, both for government and contractor effort.
Wayne F. Abba |