Earned Value Mounts Stout Defense Against Risk

by Carl Pritchard

As Sarbanes-Oxley commands management awareness and efficacy, organizations are looking for systems that will make sure they are working in the best interests of their shareholders. One system that is taking hold both in the private and public sector (after more than 40 years of application) is the earned value management system (EVMS). While EVMS has been around the US Defense Department community for decades, in the private sector, it has long been seen as the province of those who would use it as a "stick" to make sure contractors were performing as they were originally intended to perform. In the past five years, however, there has been a renaissance of the practice, thanks in part to the US government's Office of Management and Budget directive (OMB Circular A-11, 300) on capital budgeting in civilian agencies. That also seems to have generated a push for organizations seeking Sarbanes-Oxley compliance in adaptive, agile environments, where no two business days really have the same flavor.

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Earned Value Mounts Stout Defense Against RiskThu Jan 17 08:12:42 CDT 2008