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GB/T 39888-2021Earned value management in project and programme management (English PDF)

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Issued by

State Administration for Market Regulation, China National Standardization Administration

Level / Type

National · Recommended

Issue date

March 9, 2021

Implementation date

October 1, 2021

Scope

GB/T 39888-2021 (Earned value management in project and programme management) is available as an English-translated PDF.

GB/T 39888-2021 — This document aims to provide guidance on earned value management practices in project and program management. This document is applicable to organizations and departments of any form or size, including public organizations or private organizations, as well as various complex processes. The degree, scale, duration of the project or program group. This document is divided into the following sections. a) Terms and definitions; b) The purpose and benefits of earned value management; c) Integration and relationship with project or program management; d) Process and process description overview; e) Basic requirements of earned value management system; f) Use of earned value management system. This document does not provide guidance on the use of specific processes, methods or tools in the practice of earned value management. Cost, schedule and performance analysis, commonly used formulas and related explanations, and the integration of earned value with other project or program management processes and other parameters See Appendix A, Appendix B, and Appendix C.

Document preview — GB/T 39888-2021

National Standard of the People's Republic of China

Classification: A 02

Issued by: State Administration for Market Regulation, China National Standardization Administration

1 Scope1
2 Normative references1
3 Terms, definitions and abbreviations1
3.1 Terms and definitions1
3.2 Abbreviations3
4 Overview of Earned Value Management3
4.1 Earned Value Management3
4.2 The purpose and benefits of earned value management3
4.3 Earned Value Management System Guidelines4
4.4 Earned Value Management Planning4
4.5 Use of Earned Value Measures and Performance Indicators4
5 Earned Value Management Process5
5.1 Overview5
5.2 Step 1.Break down the scope of the project or programme6
5.3 Step 2.Assign responsibilities6
5.4 Step 3.Establish work schedule6
5.5 Step 4.Develop a phased budget7
5.6 Step 5.Assign target performance indicators7
5.7 Step 6.Set a baseline for performance measurement8
5.8 Step 7.Authorize and perform work8
5.9 Step 8.Accumulate and report performance data9
5.10 Step 9.Analyze performance data9
5.11 Step 10.Take management measures10
5.12 Step 11.Maintain the baseline10
6 Review of Earned Value Management System11
6.1 Overview11
6.2 Comprehensive baseline review11
6.3 Demonstration review11
6.4 Monitoring12
Appendix A (informative) Cost and schedule performance measurement analysis using earned value management information13
A.1 Overview13
A.2 Performance Metrics and Predictive Indicators13
A.3 Cost performance measurement14
A.4 Schedule performance measurement14
A.5 Additional benefits of performance measurement analysis15
Appendix B (informative) Progress analysis using earned value management information (earned progress)16
B.1 Earning progress16
B.2 Prerequisites for Earning Progress16
B.3 Instructions for the use of earned progress performance metrics17
B.4 Terms and formulas for earning progress17
B.5 The purpose and benefits of earning progress18
Appendix C (informative) Integration of earned value management with other project or program management processes19

Foreword

This document is in accordance with the provisions of GB/T 1.1-2020 "Guidelines for Standardization Work Part 1.Structure and Drafting Rules of Standardization Documents"

Drafting.

The translation method used in this document is equivalent to ISO 21508.2018 "Earned Value Management in Project and Program Management".

This document was proposed and managed by the National Project Management Standardization Technical Committee (SAC/TC343).

1 Scope

This document aims to provide guidance on earned value management practices in project and program management.

This document is applicable to organizations and departments of any form or size, including public organizations or private organizations, as well as various complex processes.

The degree, scale, duration of the project or program group.

This document is divided into the following sections.

a) Terms and definitions;

b) The purpose and benefits of earned value management;

c) Integration and relationship with project or program management;

d) Process and process description overview;

e) Basic requirements of earned value management system;

f) Use of earned value management system.

This document does not provide guidance on the use of specific processes, methods or tools in the practice of earned value management.

Cost, schedule and performance analysis, commonly used formulas and related explanations, and the integration of earned value with other project or program management processes and other parameters

See Appendix A, Appendix B, and Appendix C.

2 Normative references

There are no normative references in this document.

3 Terms, definitions and abbreviations

3.1 Terms and definitions

The following terms and definitions apply to this document.

3.1.1

Activity

The work that needs to be carried out in order to complete the project or program.

Note. It can also be considered as a working element.

3.1.2

Actualcost

The cost incurred by the completed work.

Note. Actual cost is also called "actual cost of work done".

3.1.3

Budget at completion

The total projected cost of completing work related to work packages (3.1.19), activities (3.1.1), or control accounts (3.1.4).

3.1.4

Control account

Management control points, used to integrate the scope, budget, and actual cost (3.1.2) of the project or programme, work package (3.1.19) or activity (3.1.1)

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This preview omits tables, figures, formulas and parts of the technical clauses. The complete document — all pages — is available in the English PDF.

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