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E ARNED V ALUE M ANAGEMENT G OLD C ARD Projected Slip ? Management Reserve Cost Variance Schedule Variance ACWP Cum BCWP Cum BCWS Cum $ EAC Time Now Completion.

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Presentation on theme: "E ARNED V ALUE M ANAGEMENT G OLD C ARD Projected Slip ? Management Reserve Cost Variance Schedule Variance ACWP Cum BCWP Cum BCWS Cum $ EAC Time Now Completion."— Presentation transcript:

1 E ARNED V ALUE M ANAGEMENT G OLD C ARD Projected Slip ? Management Reserve Cost Variance Schedule Variance ACWP Cum BCWP Cum BCWS Cum $ EAC Time Now Completion Date PMB Total Allocated Budget BAC Time E ARNED V ALUE M ANAGEMENT G OLD C ARD Projected Slip ? Management Reserve Cost Variance Schedule Variance ACWP Cum BCWP Cum BCWS Cum $ EAC Time Now Completion Date PMB Total Allocated Budget BAC Time EFFICIENCIES Cost EfficiencyCPI = BCWP / ACWP Favorable is > 1.0, Unfavorable is < 1.0 Schedule EfficiencySPI = BCWP / BCWS Favorable is > 1.0, Unfavorable is < 1.0 E C OMPLETION = A CTUALS TO D ATE + [ (R EMAINING W ORK ) / (P ERFORMANCE F ACTOR ) ] EAC CPI = ACWP CUM + [ (BAC – BCWP CUM ) / CPI CUM ] EAC Composite = ACWP CUM + [ (BAC – BCWP CUM ) / (CPI CUM * SPI CUM ) ] TO COMPLETE PERFORMANCE INDEX (TCPI) § # TCPI Target = Work Remaining / Cost Remaining = (BAC – BCWP CUM ) / ( Target – ACWP CUM ) § To Determine the TCPI for BAC, LRE, or EAC Substitute TARGET with BAC, LRE, or EAC # To Determine the Contract Level TCPI for EAC, You May Replace BAC with TAB BASELINE EXECUTION INDEX (BEI) & Hit Task % BEI = Total Tasks Completed / ( Total Tasks with Baseline Finish On or Prior to Current Report Period ) Hit Task % = 100 * ( Tasks Completed ON or PRIOR to Baseline Finish / Tasks Baselined to Finish within Current Report Period ) OVERALL STATUS % Schedule = (BCWS CUM / BAC) * 100 % Complete= (BCWP CUM / BAC) * 100 % Spent= (ACWP CUM / BAC) * 100 VARIANCES Positive is Favorable, Negative is Unfavorable Cost VarianceCV= BCWP – ACWP CV %= (CV / BCWP) * 100 Schedule VarianceSV= BCWP – BCWS SV %= (SV / BCWS) * 100 Variance at CompletionVAC= BAC – EAC VAC % = (VAC / BAC) * 100 EFFICIENCIES Cost EfficiencyCPI = BCWP / ACWP Favorable is > 1.0, Unfavorable is < 1.0 Schedule EfficiencySPI = BCWP / BCWS Favorable is > 1.0, Unfavorable is < 1.0 E C OMPLETION = A CTUALS TO D ATE + [ (R EMAINING W ORK ) / (P ERFORMANCE F ACTOR ) ] EAC CPI = ACWP CUM + [ (BAC – BCWP CUM ) / CPI CUM ] EAC Composite = ACWP CUM + [ (BAC – BCWP CUM ) / (CPI CUM * SPI CUM ) ] TO COMPLETE PERFORMANCE INDEX (TCPI) § # TCPI Target = Work Remaining / Cost Remaining = (BAC – BCWP CUM ) / ( Target – ACWP CUM ) § To Determine the TCPI for BAC, LRE, or EAC Substitute TARGET with BAC, LRE, or EAC # To Determine the Contract Level TCPI for EAC, You May Replace BAC with TAB BASELINE EXECUTION INDEX (BEI) & Hit Task % BEI = Total Tasks Completed / ( Total Tasks with Baseline Finish On or Prior to Current Report Period ) Hit Task % = 100 * ( Tasks Completed ON or PRIOR to Baseline Finish / Tasks Baselined to Finish within Current Report Period ) OVERALL STATUS % Schedule = (BCWS CUM / BAC) * 100 % Complete= (BCWP CUM / BAC) * 100 % Spent= (ACWP CUM / BAC) * 100 VARIANCES Positive is Favorable, Negative is Unfavorable Cost VarianceCV= BCWP – ACWP CV %= (CV / BCWP) * 100 Schedule VarianceSV= BCWP – BCWS SV %= (SV / BCWS) * 100 Variance at CompletionVAC= BAC – EAC VAC % = (VAC / BAC) * 100

2 A CRONYMS ACWP Actual Cost of Work PerformedCost actually incurred in accomplishing work performed = ACTUAL COST AUW Authorized Unpriced WorkWork contractually approved, but not yet negotiated / definitized BAC Budget At CompletionTotal budget for total contract thru any given level BCWP Budgeted Cost for Work PerformedValue of completed work in terms of the works assigned budget = EARNED VALUE BCWS Budgeted Cost for Work ScheduledTime-phased Budget Plan for work currently scheduled = PLANNED VALUE CA Control AccountLowest CWBS element assigned to a single focal point to plan & control scope / schedule / budget CBB Contract Budget BaseSum of NCC & AUW EAC Estimate At CompletionEstimate of total Cost for total contract thru any given level generated by Ktr, PMO, DCMA, etc. = EAC Ktr / PMO / DCMA LRE Latest Revised EstimateKtrs EAC or EAC Ktr MR Management ReserveBudget withheld by Ktr PM for unknowns / risk management NCC Negotiated Contract CostContract Price Minus profit or fee(s) OTB Over Target BaselineSum of CBB + additional budget approved for remaining work PAC Price At CompletionEAC Plus Adjusted Profit or Fee(s) PMB Performance Measurement BaselineContract time-phased budget plan PP Planning PackageFar-term CA activities not yet defined into WPs SLPP Summary Level Planning PackageFar-term contract activities not yet defined into CAs TAB Total Allocated BudgetSum of all budgets for work on contract = NCC, CBB, or OTB TCPI To Complete Performance IndexEfficiency needed from time now to achieve a Cost Target = BAC, LRE, or EAC UB Undistributed BudgetBroadly defined activities not yet distributed to CAs or SLPPs WP Work PackageNear-term, detail-planned activities within a CA EVM POLICY: Interim DoDI , Enclosure 1. Table 8. EVMS in accordance with ANSI/EIA-748 is required for cost or incentive contracts, subcontracts, intra-government work agreements, & other agreements valued > $20M (TY $). Contracts > $50M (TY $) require that the EVMS be formally validated by the cognizant contracting officer. EVM is discouraged on Firm-Fixed Price, Time & Material Contracts, & LOE activities regardless of cost. Refer to the IPMR Implementation Guide for IPMR Tailoring Guidance. DoDs EVM CONTRACTING REQUIREMENTS: DFARS C LAUSES N OTICE OF EVMS FOR S OLICITATIONS EVMS FOR S OLICITATIONS & C ONTRACTS C ONTRACTOR B USINESS S YSTEMS FOR S OLICITATIONS & C ONTRACTS C ONTRACT P ERFORMANCE R EPORT DI-MGMT-81466A 5 F ORMATS = WBS, O RGANIZATION, B ASELINE, S TAFFING, E XPLANATIONS & P ROB ANALYSES I NTEGRATED M ASTER S CHEDULE DI-MGMT M ANDATORY F OR D O D EVMS C ONTRACTS Integrated Program Mngt Report DI-MGMT * 7 F ORMATS = WBS, OBS / IPT, B ASELINE, S TAFFING, E XPLANATIONS & P ROB A NALYSES, IMS, H ISTORY / F ORECAST C OST I NTEGRATED B ASELINE R EVIEW M ANDATORY F OR ALL EVMS C ONTRACTS WBS For Defense Materiel Items MIL-STD-881-C * Combines & Supersedes DI-MGMT-81466A & 81650; Effective July 1, 2012 EVM CoP: https://acc.dau.mil/evmhttps://acc.dau.mil/evm Address: Revised January 2014 Work Packages (WP) Planning Packages (PP) Control Accounts (CA) Undistributed Budget (UB) Summary Level Planning Packages (SLPP) OVERRUN AUW NCC OTB CBB TAB Contract Price PMB Management Reserve (MR) Profit / Fees A CRONYMS ACWP Actual Cost of Work PerformedCost actually incurred in accomplishing work performed = ACTUAL COST AUW Authorized Unpriced WorkWork contractually approved, but not yet negotiated / definitized BAC Budget At CompletionTotal budget for total contract thru any given level BCWP Budgeted Cost for Work PerformedValue of completed work in terms of the works assigned budget = EARNED VALUE BCWS Budgeted Cost for Work ScheduledTime-phased Budget Plan for work currently scheduled = PLANNED VALUE CA Control AccountLowest CWBS element assigned to a single focal point to plan & control scope / schedule / budget CBB Contract Budget BaseSum of NCC & AUW EAC Estimate At CompletionEstimate of total Cost for total contract thru any given level generated by Ktr, PMO, DCMA, etc. = EAC Ktr / PMO / DCMA LRE Latest Revised EstimateKtrs EAC or EAC Ktr MR Management ReserveBudget withheld by Ktr PM for unknowns / risk management NCC Negotiated Contract CostContract Price Minus profit or fee(s) OTB Over Target BaselineSum of CBB + additional budget approved for remaining work PAC Price At CompletionEAC Plus Adjusted Profit or Fee(s) PMB Performance Measurement BaselineContract time-phased budget plan PP Planning PackageFar-term CA activities not yet defined into WPs SLPP Summary Level Planning PackageFar-term contract activities not yet defined into CAs TAB Total Allocated BudgetSum of all budgets for work on contract = NCC, CBB, or OTB TCPI To Complete Performance IndexEfficiency needed from time now to achieve a Cost Target = BAC, LRE, or EAC UB Undistributed BudgetBroadly defined activities not yet distributed to CAs or SLPPs WP Work PackageNear-term, detail-planned activities within a CA EVM POLICY: Interim DoDI , Enclosure 1. Table 8. EVMS in accordance with ANSI/EIA-748 is required for cost or incentive contracts, subcontracts, intra-government work agreements, & other agreements valued > $20M (TY $). Contracts > $50M (TY $) require that the EVMS be formally validated by the cognizant contracting officer. EVM is discouraged on Firm-Fixed Price, Time & Material Contracts, & LOE activities regardless of cost. Refer to the IPMR Implementation Guide for IPMR Tailoring Guidance. DoDs EVM CONTRACTING REQUIREMENTS: DFARS C LAUSES N OTICE OF EVMS FOR S OLICITATIONS EVMS FOR S OLICITATIONS & C ONTRACTS C ONTRACTOR B USINESS S YSTEMS FOR S OLICITATIONS & C ONTRACTS C ONTRACT P ERFORMANCE R EPORT DI-MGMT-81466A 5 F ORMATS = WBS, O RGANIZATION, B ASELINE, S TAFFING, E XPLANATIONS & P ROB ANALYSES I NTEGRATED M ASTER S CHEDULE DI-MGMT M ANDATORY F OR D O D EVMS C ONTRACTS Integrated Program Mngt Report DI-MGMT * 7 F ORMATS = WBS, OBS / IPT, B ASELINE, S TAFFING, E XPLANATIONS & P ROB A NALYSES, IMS, H ISTORY / F ORECAST C OST I NTEGRATED B ASELINE R EVIEW M ANDATORY F OR ALL EVMS C ONTRACTS WBS For Defense Materiel Items MIL-STD-881-C * Combines & Supersedes DI-MGMT-81466A & 81650; Effective July 1, 2012 EVM CoP: https://acc.dau.mil/evmhttps://acc.dau.mil/evm Address: Revised January 2014 Work Packages (WP) Planning Packages (PP) Control Accounts (CA) Undistributed Budget (UB) Summary Level Planning Packages (SLPP) OVERRUN AUW NCC OTB CBB TAB Contract Price PMB Management Reserve (MR) Profit / Fees


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