Often referred to as "management with the lights on," Earned Value Management (EVM) helps the project manager objectively and succinctly identify where a project is and where it is going. EVM methodology incorporates project scope, schedule and costs, and is applicable across a broad range of knowledge areas and practice groups.

Practice Standard for Earned Value Management expands on the EVM information in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)-Third Edition. With detailed explanations of the basic EVM elements, this book is valuable to novices and EVM-proficient practitioners alike, offering clear demonstrations of how EVM can be scaled to fit varying project sizes and situations. When applied in concert with sound project management principles, the EVM methodology described in the Practice Standard will provide you with greater return on your project - and results that will directly benefit your organization.