Sunday, August 28, 2011

EVM standards compared

I came across a white paper the other day that compares the ANSI 748 EVM standard to its Australian counterpart, and also provides some comparisons to the PMI practice standard.  Conveniently titled "COMPARISON OF EARNED VALUE STANDARDS", and written by Paul Harris, it sums things up nicely for the non-expert in 11 pages, most of which is quite readable table of comparison.

I wasn't familiar with the Australian standard, AS4817, but I learned this:

This is a standard is a practical guide explaining:
1. The basic processes of an Earned Value Performance Measurement including the calculations.

2. The steps required to run an EVPM system and includes requirements, guidance, examples, graphs and tables.

3. Analysis and reporting techniques. It includes a number of charts and their interpretation.

This standard may be used by people who have project experience to assist in setting set up and running an EVPM system and to provide reports using the formulae and examples which assist in explaining the processes.

And, here's an interesting quote from a bookseller pushing a new PMI book on EVM, but you see it quoted elsewhere:

EVM is management with the lights on!
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