Earned-Value Management Boot Camp

Course ID: 141                         Course Length: 2 day(s)

Overview:

This course is designed for employees and supervisors that have a need for a basic understanding of the Earned Value Management System (EVMS). This course will provide an understanding of Earned Value Management as it is required by law, OMB Circular A-11 policy guidance, and DoDI 5000.2. This course will discuss how Earned Value provides a common denominator for work scope, schedule, and resources.

Objectives:
At the end of the workshop participants should be able to:

• Define the basic elements of performance measurement
• Identify the governing EVM statutes, regulatory policy, and Department of Defense (DoD) implementation guidance
• Describe how earned value management combines work scope, schedule, and resources
• Explain in plain language the meaning of the five earned value variables: Budget Cost of Work Scheduled (BCWS); Budget Cost of Work Performed (BCWP); Actual Cost of Work Performed (ACWP); Budget at Completion (BAC); and Estimate at Completion (EAC)
• Explain in plain language the meaning of the SV, CV and Variance at Completion earned value metrics
• Recognize earned value variables SV, and CV on EV graphs and Format 1 of the Contract Performance Report

Topics:

• Integrated Program Management Risk
• Statutes Related to EVM
• Office of Management & Budget EVM Policy
• EVM Implementation Instructions
• Earned Value Measurement
• Understanding the Program Plan
• What is a Time-Phased Budget Plan
• Cost Status Imposed on the Plan
• Current Status Using Earned Value Measurement
• Performance Status Imposed on the Plan
• Understanding Earned Value Independent Variables
• Understanding Earned Value Metrics

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