Introduction
Our five step Earned Value Management Maturity Model®,
or EVM3® is a maturity model for organizations to
use in implementing and improving their Earned Value
Management Systems. Firms with an ANSI/EIA
748 compliant Earned Value Management System (EVMS) can use the
EVM3 to establish Earned Value
Management process metrics and create
EVMS improvement plans. The "Earned Value
Management Maturity Model®" book is published by
Berrett-Koehler Publishers. Read the
review in PM World Today.
Management Technologies provides EVMS
assessments using both the Model
and ANSI 748..
Background
How do you
assess an organization’s capability in applying
Earned Value Management (EVM)?
What is the subset of ANSI/EIA 748 requirements which are sufficient
to get started in EVM?
How do you know that your potential teammate or contractor has a
competent EVM system in place?
How do you demonstrate to potential customers
your EVMS maturity?
The Five Levels of EVM3
Level I describes an organization with no or limited
EVM implementation in place. This level provides a defined starting
point for an initial implementation of EVM and does not require
a large commitment of resources.
Level II defines an EVM implementation which is
less than fully compliant with ANSI 748, but may be sufficient for
smaller projects or for a simplified EVM implementation. The resulting
initial benefits of a Level II EVM implementation are consistent
with the modest investment, thus creating a positive “first
use” of EVM. This encourages further use of EVM, further investment
in EVM, and a goal of attaining higher levels of EVM3. Further,
Level II allows for a defined, but less than full, implementation
which should provide valuable project insight at a lower cost to
the [Government] customer.
Level III is an ANSI/EIA
748 compliant implementation.
Level IV adds guidelines for measuring the quality
of EVM data and introduces metrics for measuring the health of an
Earned Value Management System.
The highest level of the EVM3, Level V, requires
monitoring the efforts to improve an Earned Value Management system.
Organizations with an ANSI or DoD compliant EVM implementation can
use Levels IV and V as goals for improving the utility, timeliness,
accuracy, and cost effectiveness of their EVM systems.
The EVM3 and its Key Process Areas are described fully in the
book: The Earned Value Management Maturity Model available
from
Barrett-Koehler Publishers.
Contact us at webinfo@mgmt-technologies.com
for more information about the Model. Also be sure to visit our
EVM3
assessments page.
** The title “Earned Value Management Maturity Model”
and the abbreviation “EVM3” is registered
trademarks of Management Technologies.
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