Earned Value Management Basics

From Shannon Minnich November 23rd, 2022

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Earned Value Management (EVM) encompasses both Performance Measurement and Performance Management. EVM uses earned value data and uses it as a program management tool to analyze contract cost and schedule performance. EVM is the translation of technical scope into an integrated project plan which tracks cost and schedule information using a work breakdown structure (WBS), organization breakdown structure (OBS), and an integrated master schedule (IMS). EVM assists in forecasting future costs, schedule and technical performance, and identifies the data for corrective action plans to get the program back on track.

Tags: evmperformance managementprogram statusearned value managementwbswork breakdown structureorganization breakdown structureintegrated master schedulepmbperformance measurement baseline

Department / Directorate: College of Contract Management
Media Deployment: Public
iCatalog Course Area: CMI
iCatalog Course ID: EVM 101
Appears In: Business - Cost Estimating Business - Financial Management

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Earned Value Management Basics

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