ISO INTERNATIONAL STANDARD 21508 First edition 2018-04 Earned value management in project and programme management Management de la valeur acquise en management de projet et de programme Reference number IS0 21508:2018(E) osi @IS02018 IS0 21508:2018(E) COPYRIGHTPROTECTEDDOCUMENT @ IS0 2018 All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication may be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting on the internet or an intranet, without prior written permission. Permission can be requested from either IsO at the address below or Iso's member body in the country of the requester. ISO copyright office CP 401 : Ch. de Blandonnet 8 CH-1214 Vernier, Geneva Phone: +41 22 749 01 11 Fax: +41 22 749 09 47 Email: [email protected] Website: www.iso.org Published in Switzerland ii @ IS0 2018 - All rights reserved IS0 21508:2018(E) Contents Page Foreword ..iv Introduction .V 1 Scope. ..1 2 Normative references ..1 3 Terms, definitions and abbreviated terms 4 Overview of earned value management ..4 4.1 Earned value management 4 4.2 Purpose and benefits of earned value management ..4 4.3 Guidelines for an earned value management system .4 4.4 Earned value management planning. .5 4.5 Using earned value measurements and performance metrics .5 5 Earned value management process steps .6 5.1 General .6 5.2 Step 1: Decompose the project or programme scope 7 5.3 Step 2: Assign responsibility. .7 5.4 Step 3: Schedule the work. 7 5.5 Step 4: Develop time-phased budget .8 5.6 Step 5: Assign objective measures of performance .9 5.7 Step 6: Set the performance measurement baseline .10 5.8 Step7:Authorizeandperformthework .10 5.9 Step 8: Accumulate and report performance data 11 5.10 Step 9: Analyse performance data ..12 5.11 Step 10: Take management action 12 5.12 Step 11: Maintain the baseline. 13 6 Earned value management system review ..13 6.1 General 13 6.2 Integrated baseline review ..14 6.3 Demonstration review ..14 6.4 Surveillance ..15 Annex A (informative) Cost and schedule performance measurement analysis using earned value management data. .16 Annex B (informative) Schedule analysis using earned value management data (earned schedule) 19 Annex C (informative) Integrating other project or programme management processes with earned value management. 23 Bibliography .25 @ IS0 2018 - All rights reserved ii