You are here

Earned Value Management

Earned Value Management (EVM) is a systematic approach to the integration and measurement of cost, schedule, and technical (scope) accomplishments on a project or task. It provides both the government and contractors the ability to examine detailed schedule information, critical program and technical milestones, and cost data. 

EVM Tutorials

Module 1 - Introduction to Earned Value  (pdf 446.86 kb)  July 17, 2003
This module is the introduction to a series of online tutorials designed to enhance your understanding of Earned Value Management. This module's objective is to introduce you to Earned Value and outline the blueprint for the succeeding modules. This module defines Earned Value management. It looks at the differences between Traditional management and Earned Value management, examines how Earned Value management fits into a program and project environment, and defines the framework necessary for proper Earned Value management implementation.
 
Module 2 - Work Breakdown Structure  (pdf 554.25 kb)  July 17, 2003
This module focuses on the Work Breakdown Structure (WBS) and other planning elements. This module defines and illustrates the Work Breakdown Structure (WBS), WBS dictionary, Organizational Breakdown Structure (OBS) and Responsibility Assignment Matrix (RAM).

Module 3 - Project Scheduling  (pdf 816.67 kb)  July 17, 2003
This module focuses on developing the project schedule. This module differentiates between planning and scheduling and outlines basic scheduling concepts, the logic relationships and critical path, and different schedule formats.

Module 4 - Budgeting  (pdf 599.34 kb)  July 17, 2003
This module focuses on developing the cost baseline. This module outlines basic costing concepts such as control accounts, work packages and planning packages. Additionally, elements of an earned value contract baseline and proposed cost and contract budget baseline are covered.

Module 5 - EVMS Concepts and Methods  (pdf 741.84 kb)  July 17, 2003
This module focuses on Earned Value concepts and methods. This module outlines the criteria needed for implementing Earned Value management, the basic Earned Value terminology, and the different methods used to calculate Earned Value.
 
Module 6 - Metrics, Performance Measurements and Forecasting  (pdf  471.00 kb)  July 17, 2003
This module focuses on the metrics and performance measurement tools used in Earned Value. This module reviews metrics such as cost and schedule variance along with cost and schedule performance indices. In addition, this module will outline forecasting tools such as estimate to complete (ETC) and estimate at completion (EAC).

Module 7 - Integrated Baseline Review and Change Control   (pdf 418.59 kb)  July 17, 2003
This module focuses on integrated baseline reviews (IBR) and change control. This module outlines the objective and responsibility of an integrated baseline review. Additionally, this module will discuss the change control process required for implementing earned value.

Module 8 - Reporting  (pdf 374 kb)  July 17, 2003
This module focuses on the reporting options and requirement of earned value. This module illustrates and defines the different cost performance reports (CPR) available for reporting earned value information.