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Earned Value Management

Earned Value Management - Earned Value Management ‘Gold...

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Unformatted text preview: Earned Value Management ‘Gold Card’ Date VARIANCES Favorable is Positive, Unfavorable is Negative Cost Variance CV Schedule Variance SV Variance at Completion VAC = BAC — EAC PERFORMANCE INDICES Favorable is > 1.0, Unfavorable is < 1.0 Cost Efficiency CPI = BCWP I ACWP Schedule Efficiency SPI = BCWP / BCWS OVERALL STATUS %Schedule = (BCWSWl I BAC)* 100 l Defense Acquisition University = BCWP — ACWP CV °/o = (CVI BCWP) *100 = BCWP — BCWS SV % = (SV I BCWS) * 100 °/o Complete = (BCWPCUM I BAC)* 100 %Spent = (Acwpcuu I BAC)*100 ESTIMATE AT COMPLETION ' EAC = Actuals to Date+ [(Remaining Work) / (Efficiency Factor)] _ EACCPI = ACWPCUM + [(BAC-BCWPCUMHCPICUM] = BACI cplcum EAcCcmposite TO COMPLETE PERFORMANCE INDEX I I CPI) ’ TCPIEAC ’ To Determine Either TCPI or EAC; You May Replace BAC with TAB ACWPCUM + [(BAC - BCWPCUM) / (CPICUM * Slefl] = Work Remaining I Cost Remaining = (BAC - BCWPCWN (EAC - ACWPCU") Undistributed Bud . et TERMINOLOGY NCC Negotiated Contract Cost AUW Authorized Unpriced Work CBB Contract Budget Base 0TB OverTargetBasellne TAB Total Allocated Budget BAC BudgetAtCompletion PMB Perlorrnance Measurement Baseline MR Management Reserve UB Undistributed Budget CA ControIAcoount WP Work Package PP Planning Package BCWS Budgeted Cost for Work Scheduled BCWP Budgeted Cost for Work Performed ACWP Actual Cost of Work Performed EAC Estimate At Completion LRE Latest Revised Estimate SLPP Summary Level Planning Package TCPI To Complete Performance Index TAB PTOfIt/ Fees NCC -A w OTB U Accounts Work Packa-es Contract Price Reserve Summary Level Plannin Packa-es Plannin- Packa-es Contract price less profit I fee(s) Work contractually approved, but not yet negotiated / definitized Sum of NCC and AUW Sum of CBB and recognized overrun Sum of all budgets for work on contract = NCC, CBB, or OTB Total budget for total contract thru any given level Contract time-phased budget plan Budget withheld by Ktr PM for unknowns I risk management Broadly defined activities not yet distributed to CAs Lowest CWBS element assigned to a single focal point to plan & control scope / schedule I budget Near-term, detail—planned activities within a CA Far-term CA activities not yet defined into WPs Value of work planned to be accomplished = PLANNED VALUE Value of work accomplished = EARNED VALUE Cost of work accomplished = ACTUAL COST Estimate of total cost for total contract thru any given level; may be generated by Ktr, PMO, DCMA, etc. = EAC,(,,,,,“°,,,¢,,,l Ktr‘s EAC or EACKtr Far-term activities not yet defined into CAs Efficiency needed from ‘time now' to achieve an EAC EVM POLICY: DoDI 5000.2, Table E3.T2 . EVMS in accordance with ANSI/EIA-748 is required for cost or incentive contracts, subcontracts, Intra-govemment work agreements, & other agreements valued a $20M (Then-Yr $). EVMS contracts > $50M (TY $) require that the EVM system be formally validated by the cognizant contracting officer. Additional Guidance in Defense Acquisition Guidebook and the Earned Value Management Implementation Guide (EVMIG 2005). EVMS is discouraged on Firm-Fixed Price, Level of Effort, & Time & Material efforts regardless of dollar value. EVM CONTRACTING REQUIREMENTS: DFAR Clauses - 252242-7001 for solicitations and 252242-7002 for contracts Contract Performance Report — Dl-MGMT-Bt 466A * 5 Formats (WBS, Organization, Baseline, Staffing & Explanation) Integrated Master Schedule - Dl-MGMT-81650 * Integrated Baseline Review (IBR) - Mandatory for all EVMS contracts > $20M ‘ See the EVMIG 2005 for CPR and IMS tailoring guidance. EVM Home Page = httpsdlacc.dau.millevm DAU FCC: (703) 805-5259 (DSN 655) eMail Address: [email protected] Revised Ma 2005 ...
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