Sponsored Report (for Acquisition Research Program)Earned Value is regarded as a useful tool to monitor commercial and defense system acquisitions. This paper applies the theoretical foundations and systematics of Gap Analysis to improve Earned Value Management. As currently implemented, Earned Value inaccurately provides a higher value for the work performed. This preliminary research indicates that Earned Value calculations can be corrected. Value Analysis, properly defined and enacted, clarifies management strategies to facilitate appropriate investment decisions.Naval Postgraduate School Acquisition Research ProgramApproved for public release; distribution is unlimited
