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Contemporary issues: earned value management: uses and misuses: the earned value concept was developed to correct serious distortions in assessing a project's cost performance generated by comparing actual costs with a time-phased budget.

Air Force Journal of Logistics

| June 22, 2008 | COPYRIGHT 2008 U.S. Air Force, Logistics Management Agency. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

This edition's Contemporary Logistics feature was written by Dr Stephen Hays Russell. Over the years, Dr Russell has been a frequent contributor to the Journal. He is an accomplished logistician and is on the faculty of the John B. Goddard School of Business and Economics, Weber State University. In "Earned Value Management: Uses and Misuses," Dr Russell examines the relevance of Earned Value Management (EVM) to the logistics community. He makes the case that its relevance is threefold. First, today's logisticians are intimately involved in the weapon system acquisition process. Because EVM is such an integral part of the imposed acquisition management architecture, logisticians need to understand the tool. Otherwise, they become tangential to the management and performance reviews of an acquisition program. Second, EVM is increasingly being addressed in the literature of performance based logistics and acquisition logistics. Third, EVM as a leading-edge management tool has not seen the application to logistics-specific projects that it merits.

He concludes with the following points:

* A basic ...

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