… the basic tenets of the process are the need for seamless management tools, that support an integrated approach … and “proactive identification and management of risk” for critical cost, schedule, and technical performance parameters. ― Secretary of Defense, Perry memo, May 1995.
When we talk about "managing" programs Secretary Perry's advice is a starting point. But what exactly are these processes, and measures. Earned Value is certainly one, but the Measures of Effectiveness (MoE) and Measures of Performance (MoP) and the related Technical Performance Measures (TPM) are needed as well. Here's how Measures are connected, starting with the connections between the Earned Value variables...
With the EV variables, the Technical Performance Measures can then be assigned cost and schedule measures.