ISO/TC 258/WG 12 - EVM implementation guide

This document specifies guidance and examples for establishing, implementing and maintaining an earned value management system based on ISO 21508:2018. This document also provides practises for earned value management, as set forth in ISO 21508:2018. This document can be used by any organization. This document is aligned with and complements the information contained in ISO 21508:2018 which is the higher tier international standard and companion document for this document. Further guidance on project, programme and governance and other related guidance are set out in relevant standards.

This document provides guidance for practices of earned value management in project, programme and portfolio management. It is applicable to any type of organization including public or private and any size or sector, as well as any type of project, or programme or portfolio in terms of complexity, size or duration. This document provides the following: a) descriptions of the purpose and benefits of earned value management; b) the integration and relationship with project, programme and portfolio management; c) an overview of the processes and process descriptions; d) basic needs for an earned value management system; e) use of an earned value management system. This document does not provide guidance on the use of specific processes, methods or tools in the practice of earned value management. Annex A describes an integrated baseline review. It is contained in an Annex, since it is used by government organizations and their contractors, but is not used by most organizations, most of the time.