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Earned value management in project and programme management
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Basic data
| Standard ID | GB/T 39888-2021 (GB/T39888-2021) |
| Description (Translated English) | Earned value management in project and programme management |
| Sector / Industry | National Standard (Recommended) |
| Classification of Chinese Standard | A02 |
| Word Count Estimation | 26,210 |
| Issuing agency(ies) | State Administration for Market Regulation, China National Standardization Administration |
GB/T 39888-2021: Earned value management in project and programme management
---This is a DRAFT version for illustration, not a final translation. Full copy of true-PDF in English version (including equations, symbols, images, flow-chart, tables, and figures etc.) will be manually/carefully translated upon your order.
Earned value management in project and programme management
ICS 03.100.40
CCSA02
National Standards of People's Republic of China
Earned Value Management in Project and Program Management
(ISO 21508.2018, IDT)
Released on 2021-03-09
2021-10-01 implementation
State Administration of Market Supervision and Administration
Issued by the National Standardization Management Committee
Table of contents
Foreword Ⅲ
1 Scope 1
2 Normative references 1
3 Terms, definitions and abbreviations 1
3.1 Terms and definitions 1
3.2 Abbreviations 3
4 Overview of Earned Value Management 3
4.1 Earned Value Management 3
4.2 The purpose and benefits of earned value management 3
4.3 Earned Value Management System Guidelines 4
4.4 Earned Value Management Planning 4
4.5 Use of Earned Value Measures and Performance Indicators 4
5 Earned Value Management Process 5
5.1 Overview 5
5.2 Step 1.Break down the scope of the project or programme 6
5.3 Step 2.Assign responsibilities 6
5.4 Step 3.Establish work schedule 6
5.5 Step 4.Develop a phased budget 7
5.6 Step 5.Assign target performance indicators 7
5.7 Step 6.Set a baseline for performance measurement 8
5.8 Step 7.Authorize and perform work 8
5.9 Step 8.Accumulate and report performance data 9
5.10 Step 9.Analyze performance data 9
5.11 Step 10.Take management measures 10
5.12 Step 11.Maintain the baseline 10
6 Review of Earned Value Management System 11
6.1 Overview 11
6.2 Comprehensive baseline review 11
6.3 Demonstration review 11
6.4 Monitoring 12
Appendix A (informative) Cost and schedule performance measurement analysis using earned value management information 13
A.1 Overview 13
A.2 Performance Metrics and Predictive Indicators 13
A.3 Cost performance measurement 14
A.4 Schedule performance measurement 14
A.5 Additional benefits of performance measurement analysis 15
Appendix B (informative) Progress analysis using earned value management information (earned progress) 16
B.1 Earning progress 16
B.2 Prerequisites for Earning Progress 16
B.3 Instructions for the use of earned progress performance metrics 17
B.4 Terms and formulas for earning progress 17
B.5 The purpose and benefits of earning progress 18
Appendix C (informative) Integration of earned value management with other project or program management processes 19
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).
This document was drafted by. China Aviation Technology Research Institute, Mingyang Smart Energy Group Co., Ltd., Yixiang Intelligent Equipment (Shenzhen)
Co., Ltd., Wenzhou Jiahe Standardization Information Technology Office, Xiamen Kaimu Management Consulting Co., Ltd., China Standardization Association, National Ocean Standards
Metrology Center, Hangzhou Institute of Standardization, SGS Standard Technical Service Co., Ltd., Hanlm Construction Technology Co., Ltd., Zhejiang Standardization
Association, Beijing Ruisi Lixing Management Consulting Center, Guangdong Merizhe Engineering Design Consulting Co., Ltd., Shaanxi Institute of Standardization, Jihua Experiment
Office, Zhejiang Jinqiao Copper Technology Co., Ltd., Dongguan City, Guangdong Province, Quality and Technical Supervision Standards and Coding Office, Rongcheng City Xingdong Import and Export Trade
Co., Ltd., Foshan Lihe Innovation Center Co., Ltd., China Railway Twenty-Fifth Bureau Group Sixth Engineering Co., Ltd.
The main drafters of this document. Lu Juan, Zeng Xiangge, He Siyu, Sun Cheng, Tian Yu, Li Jiong, Luo Zhaowen, King Aidie, Zeng Weipeng, Yu Biao, Wu Feng,
Jia Baoshan, Hu Baisong, Ye Shenglin, Zhang Yange, Zhou Jin, Tong Jun, Lin Wenwen, Zhu Peikun, Liu Chunyan, Wang Xiaodong, Zhang Xiaoyan, Zhang Li, Chen Daikui,
Zhang Yang, Xiao Yanghui, Zheng Zilu, Yang Xibo, Li Dongning, Zhang Wencai, Lai Rongguo.
Earned Value Management in Project and Program Management
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)
...