
ISO 21508:2018
ISO 21508:2018 Earned Value Management

The International Organization for Standardization (ISO) recently published ISO 21508:2018 Earned Value Management in Project and Program Management. The ISO standard describes the 11 process steps required to implement EVMS.
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If your organization has a requirement for EVMS certification, currently ISO is the best route.
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This standard provides:
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Terms and definitions
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Descriptions of the purpose and benefits of earned value management
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The integration and relationship with project or program management
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An overview of the processes and process descriptions
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Basic requirements for an earned value management system; and
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Use of an earned value management system (EVMS).
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However, it does not provide guidance on the use of specific processes, methods or tools in the practice of an EVMS. The annexes describe examples of:
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Cost
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Schedule and performance analysis,
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Commonly used formulas with associated interpretations, and
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The integration of earned value with other project or program management processes.