Compulink Earned Value Management (EVM)

Earned Value Management (EVM) is a project management system that combines schedule performance and cost performance to answer the question,

“What did we get for the money we spent?”

Earned Value has been used since the 1960’s by the Department of Defense as a central part of the Cost/Schedule Control Systems Criteria. Recently, the DOD revised the 35 criteria contained in the C/SCSC and produced the 32 criteria for EVMS (Earned Value Management Systems).

These criteria have since been accepted by the American National Standards Institute/Electronic Industry Association as a new standard, called ANSI/EIA 748. Now, EVM is being used in a wider variety of government contracts, and is spreading through the private sector as a valuable tool for project managers.

Monitor the Health of your Project through Compulink Earned Value Management (EVM) is a systematic approach to the integration and measurement of cost, schedule, and technical (scope) accomplishments on a project or task. It provides both the seller and buyer the ability to examine detailed schedule information, critical program and technical milestones, and cost data.

It helps reducing guesswork in “Measuring performance & Forecasting”. It is an industry standard way to measure a project’s progress, forecast its completion date and final cost while providing schedule and budget variances along the way. By integrating three fundamental measures it provides consistent numerical indicators with which you can evaluate and compare projects.

This Computer-Based Training (CBT) helps the user to describe the benefits of Earned Value Management (EVM), detail the pre-requisite of using Earned Value Management (EVM), demonstrate how a Work Breakdown Structure (WBS) is essential for Earned Value Management (EVM), apply tools and techniques of Earned Value Management (EVM) to plan, schedule and budget a project, apply Earned Value Management (EVM) parameters to assess project’s progress and generate reports based on the Earned Value Management (EVM) parameters to explain project status. PLUS, can earn 6 PDUs after learning this CBT.