Earned Value, Clear and Simple

Abstract

The term "Earned Value" is gaining in popularity around project management circles as if it is some wonderful new concept to be embraced. Yet, it has been in use since the 1960s when the Department of Defense adopted it as a standard method of measuring project performance. The concept was actually developed as early as the 1800s when it because desirable to measure performance on the factory floor. Today, it is both embraced and should often in response to prior experience or stories told in the hallway." The opponents will generally cite the cost and effort to make it work, and the limited benefit derived from its implementation. The proponents will cite the cost savings to the project overall, the improved analysis, communication and control derived from its implementation.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1999
Accession Number
ADA402619

Entities

People

  • Tamme T. Wilkens

Tags

DTIC Thesaurus Topics

  • Acquisition
  • Business Administration
  • Computer Programming
  • Construction
  • Contracts
  • Control Systems
  • Cost Analysis
  • Costs
  • Department Of Defense
  • Market Research
  • Production
  • Project Management
  • Software Development
  • Specifications
  • Standards
  • Systems Engineering
  • User Manuals

Readers

  • Military History of the United States in the 20th Century.
  • Systems Analysis and Design