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Applied Earned Value Management emphasizes the processes related to the Performance
Management Baseline (PMB), the Integrated Baseline Review (IBR) and the American National
Standards Institute/Electronic Industries Alliance Standard 748 (ANSI/EIA-748) for Earned
Value Management (EVM) systems. You’ll gain hands-on knowledge of the EVM process and
EVM metrics, including Estimates at Completion (EAC), as well as an overview of the EVM
process from project development to execution.
You’ll learn to use tools for managing data associated with EVM as they apply to federal
acquisition management in the cost contract environment. You’ll also learn EVM skills through
hands-on exercises and a multi-part case study that takes you from EVM project baseline
formation at the beginning of the project through the challenges of ongoing assessments and
reassessments of cost, schedule and performance to the project changes. You’ll end the course
with an understanding of project surveillance.
Reminder: This course is designed for those who will be required to calculate and interpret the
EVM data generated in capital asset acquisitions. The course has been designed for federal
members of integrated procurement teams and for commercial personnel dealing with EVM on
government contracts. While the course is based on the government’s use of EVM for major
capital asset investments, commercial contracting personnel will find they can readily apply the
principles taught here to commercial capital asset investments as well.
Participants in this course will receive ESI's Earned Value Formula Finder.
Recommendation: Please bring a calculator to class.
Basic Elements of Performance Measurement
• Acquisition program baseline
• Statues related to EVM
• The Office of Management and Budget (OMB) EVM policy
• DoD EVM implementation instructions
• Traditional measurement vs. EVM
• Earned value (EV) independent variables
The WBS, OBS and Accounting System
• Work breakdown structure (WBS) and organizational breakdown structure (OBS)
• The OBS and WBS must align
• Responsibility assignment matrix (RAM)
• Control accounts for large projects
• Accounting system
• Costs
• Price and usage variance
• Subcontractor reports
Scheduling and Budgeting
• Scheduling techniques
• Master schedule
• Schedule traceability
• Resource leveling
• Industry standard (EIA-748) to scheduling and budgeting
• Elements of the PMB
• Baseline realism
Establishing the Baseline
• EV budget and PMB terms
• PMB development steps
• EV techniques
• Cost realism
• Front loading the schedule
• Project program funding
• Evaluating the baseline
Data Collection and Estimating Cost at Completion
• EVM terms and concepts
• Control account status
• EVM cumulative performance
• Cost and schedule variances
• Schedule performance index (SPI)
• Cost performance index (CPI)
• DAU EVM "gold card"
• To complete performance index (TCPI)
• CPT-TCPI trend chart
Change Control and Baseline Maintenance
• Effect of changes on PMB
• Change control
• Internal replanning/rephasing work or budget
• Over target baseline (OTB)
• Budget at complete (BAC)
• Contract budget base
External Reporting
• External reports
• Cost performance report
• Contract performance report (CPR)
• Cost/schedule status report (C/SSR)
• The baseline report
• Program performance chart
• Actual vs. projected performance
The Integrated Baseline Review (IBR)
• Statutory requirements
• Benefits of IBR
• Elements of IBR
• Pre-IBR Tasks
Surveillance
• Certification of the contractor's system
• EVMS surveillance
• Roles and responsibilities for surveillance
• What does a surveillance plan look like?
• Good surveillance plan
• The basic technique