ISO 21508:2018
Earned value management in project and programme management
ISO 21508:2018 provides guidance for practices of earned value management in project and programme 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 in terms of complexity, size or duration.
ISO 21508:2018 provides the following:
a) terms and definitions;
b) descriptions of the purpose and benefits of earned value management;
c) the integration and relationship with project or programme management;
d) an overview of the processes and process descriptions;
e) basic requirements for an earned value management system;
f) use of an earned value management system.
ISO 21508:2018 does not provide guidance on the use of specific processes, methods or tools in the practice of earned value management.
Annexes A, B and C describe cost, schedule and performance analysis, commonly used formulae with associated interpretations, and the integration of earned value with other project or programme management processes.
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Foreword
Introduction
1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
4 Overview of earned value management
4.1 Earned value management
4.2 Purpose and benefits of earned value management
4.3 Guidelines for an earned value management system
4.4 Earned value management planning
4.5 Using earned value measurements and performance metrics
5 Earned value management process steps
5.1 General
5.2 Step 1: Decompose the project or programme scope
5.3 Step 2: Assign responsibility
5.4 Step 3: Schedule the work
5.5 Step 4: Develop time-phased budget
5.6 Step 5: Assign objective measures of performance
5.7 Step 6: Set the performance measurement baseline
5.8 Step 7: Authorize and perform the work
5.9 Step 8: Accumulate and report performance data
5.10 Step 9: Analyse performance data
5.11 Step 10: Take management action
5.12 Step 11: Maintain the baseline
6 Earned value management system review
6.1 General
6.2 Integrated baseline review
6.3 Demonstration review
6.4 Surveillance
Annex A (informative) Cost and schedule performance measurement analysis using earned value management data
Annex B (informative) Schedule analysis using earned value management data (earned schedule)
Annex C (informative) Integrating other project or programme management processes with earned value management
Bibliography
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Foreword
Introduction
1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
4 Overview of earned value management
4.1 Earned value management
4.2 Purpose and benefits of earned value management
4.3 Guidelines for an earned value management system
4.4 Earned value management planning
4.5 Using earned value measurements and performance metrics
5 Earned value management process steps
5.1 General
5.2 Step 1: Decompose the project or programme scope
5.3 Step 2: Assign responsibility
5.4 Step 3: Schedule the work
5.5 Step 4: Develop time-phased budget
5.6 Step 5: Assign objective measures of performance
5.7 Step 6: Set the performance measurement baseline
5.8 Step 7: Authorize and perform the work
5.9 Step 8: Accumulate and report performance data
5.10 Step 9: Analyse performance data
5.11 Step 10: Take management action
5.12 Step 11: Maintain the baseline
6 Earned value management system review
6.1 General
6.2 Integrated baseline review
6.3 Demonstration review
6.4 Surveillance
Annex A (informative) Cost and schedule performance measurement analysis using earned value management data
Annex B (informative) Schedule analysis using earned value management data (earned schedule)
Annex C (informative) Integrating other project or programme management processes with earned value management
Bibliography