Abstract |
During FY 2004, EPA implemented its Earned Value Management System (EVMS) based on the ANSI/EIA-748 Standard and OMB requirements identified in Circular A-11. Earned Value Management (EVM) provides a standard means of objectively measuring work accomplished based on the budgeted value of that work - it is What you got for what it cost. EVM is a project management technique that integrates cost, schedule, and technical performance measures to monitor and control project resources and compile results into one set of metrics so that effective comparisons can be made. It also helps evaluate and control project risk by measuring project progress in monetary terms. |