Standards for Earned Value Management (ANSI/EIA-748)

The ANSI/EIA-748 standards set guidelines for implementing Earned Value Management (EVM), a project management method that integrates scope, schedule, and cost. These standards ensure consistent, reliable measurement of project performance by defining key processes and data practices. They help organizations track progress, identify issues early, and make informed decisions, ultimately improving project control and success rates. In essence, ANSI/EIA-748 provides a framework for systematically managing and evaluating project performance against planned objectives.