This recommended practice (RP) is intended to serve as a guideline, not a standard. As a recommended practice of AACE International, the intent of the guideline is to define the required skills and knowledge to perform earned value management (EVM). It serves as an important foundation of the skills and knowledge of an AACE certified Earned Value Professional (EVP) and provides an outline for its study guide.

EVM integrates scope, schedule, and cost along with budget and performance measurement within a project framework. It is a method for project progress measurement analysis and control that combines work scope, schedule, and resource evaluation to enable objective comparison of the planned schedule of the project to the work completed along with its actual costs.

The RP highlights the necessary skills and knowledge of EVM. It identifies competencies for an EVM practitioner, across any industry, portfolio, program, or project. Detailed skills, knowledge and methodology, are excluded from this recommended practice.

This RP is aligned with RP 11R-88, Required Skills and Knowledge of Cost Engineering and the Total Cost Management (TCM) Framework, as well as the American National Standards Institute (ANSI) Electronics Industries Alliance (EIA) - 748 Earned Value Management Systems (EVMS) guidelines.