EIA-748-A
Earned Value Management Systems (Goes to the NASA Standards
site. You may obtain a user name and password to download
this document)
Tools
Earned Value Management (EVM) is a tool for objectively
assessing a program's/project's progress meeting technical
requirements within a given cost (budget baseline) and
schedule. The budget baseline in this case is not the
actual budget (funding) but rather is strictly controlled
program management baseline (PMB) against which progress
can be assessed and cost and schedule performance measured.
Used properly, EVM is a valuable tool for proactively
identifying issues; for developing solution paths; and
for keeping track of technical performance/progress, resources,
cost performance, and schedule performance.
EVM is not a monthly report. EVM is a continuous process/methodology
for managing resources, cost, and schedule by combining
technical criteria to those elements. Success is measured
by actual progress or milestones achieved - not by the
passage of time or simply the spending of money.
The SMO contains KSC's representative to the NASA Earned
Value Focal Point Council.