Practice Standard for Earned Value Management by Project Management Institute pdf

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Practice Standard for Earned Value Management by Project Management Institute pdf free download

Practice Standard for Earned Value Management by Project Management Institute pdf free download. The Practice Standard for Earned Value Management (EVM) has been developed as a supplement to A Guide to the Project Management Body of Knowledge (PMBOK Guide). The Practice Standard for EVM is designed to provide readers who are familiar with the PMBOK Guide with a fundamental understanding of the principles of EVM and its role in facilitating effective project management.

Practice Standard for Earned Value Management by Project Management Institute pdf free download

The Practice Standard for EVM assumes that the reader has a basic working knowledge of Project Management Process Groups, Knowledge Areas, and other key concepts such as work breakdown structures (WBS) and critical path method (CPM) scheduling, as outlined in the PMBOK Guide. If that is not the case, it is recommended that the reader undertake a review of the PMBOK Guide before reading the Practice Standard for EVM.

Practice Standard for Earned Value Management by Project Management Institute pdf free download

The Practice Standard for EVM is organized as follows:
Introduction. A brief overview of EVM, highlighting the key management questions EVM can help answer and exploring where EVM fits into the project management universe. Basic Elements of Earned Value Management. This section discusses the three cornerstones of EVM: Planned Value (PV), Earned Value (EV), and Actual Cost (AC). It examines how these three data points are determined and how they relate
to one another. EVM Performance Analysis and Forecasting. This section describes variances, indices, and forecasts that can be developed using Planned Value (PV), Earned Value (EV), and Actual Cost (AC). The chapter also examines how these variances, indices, and forecasts can be used to answer essential management questions.

Practice Standard for Earned Value Management by Project Management Institute pdf free download

Guidance for the Use of Key EVM Practices. This section outlines basic EVM practices in their project management context and shows how EVM practices facilitate project planning and control for better management of project cost and schedule performance. Glossary. This section provides concise definitions of key terms used throughout this Practice Standard. Most of these terms also appear in the PMBOK Guide—Third Edition’s glossary. Note, however, that many of the PMBOK Guide’s definitions are broader and more inclusive, since they apply beyond the scope of the Practice Standard for Earned Value Management.

Practice Standard for Earned Value Management by Project Management Institute pdf free download

Practice Standard for Earned Value Management by Project Management Institute pdf free download


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