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APPENDIX X1
DEVELOPMENT OF THE STANDARD FOR
EARNED VALUE MANAGEMENT
X1.1 OVERVIEW
The Practice Standard for Earned Value Management – Second Edition was published in 2011. In 2017, the PMI
Standards Manager and the Standards Member Advisory Group chartered the development of a principle-based
standard to reflect the core principles and practices for earned value management. In addition, The Standard for
Earned Value Management is being processed as an ANSI standard.
To fully understand the changes that have been made to the structure and content of The Standard for Earned Value
Management, it is important for the reader to be aware of the update committee’s objectives as well as the evolution
of the standard (see Section X1.2).
X1.2 OBJECTIVES
Specifically, the committee’s objectives included:
Broadening of the project delivery landscape, including the maturation and adoption of techniques that are, in
many cases, better suited to the needs of the modern project manager.
Aligning the document structure with the PMBOK
®
Guide Process Groups to clarify the important considerations
from an earned value management (EVM) perspective in that context.
Ensuring that the voice and structure of the standard enables the project team to understand the options and
opportunities available to them to define the most appropriate EVM approach to position the project for success.
Ensuring that the updates are harmonized with other PMI standards as appropriate.
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