Number: RL34257
Title: Earned Value Management (EVM) as an Oversight Tool for Major Capital Investments
Authors: Clinton T. Brass, Government and Finance Division 
Abstract: This report provides an overview of EVM terminology and concepts by using a hypothetical example and illustrating a few potential oversight issues. To place EVM in context, however, it is necessary to discuss first the risks associated with major capital investments, how capital investments are often evaluated and monitored throughout their life cycles, and how EVM appears to be increasingly adopted by executive branch agencies. After providing the hypothetical EVM example and some related caveats, the report concludes with potential oversight questions for Congress regarding EVM.
Pages: 20
Date: November 21, 2007