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Search results with tag "Concepts of earned value management"
Basic Concepts of Earned Value Management (EVM)
pmi-metrolina.comApproaches to EVM 8 7/23/2015 Scalable to fit most every project performance need Simple – spreadsheet based Intermediate – computer programs with WBS, cost & scheduling Advanced - complex programs with extensive capabilities All approaches require varying degrees of: Work Breakdown Structure (WBS) to define the work Plan Values (PV) – costs, hours or units of measure
Earned Value Management Systems - Niwot Ridge
www.niwotridge.com5/33 Basic Concepts of Earned Value Management Three dimensions of Earned Value The Plan – Budgeted Cost of Work Scheduled (BCWS) The Performance – Budgeted Cost of Work Performed (BCWP) The costs of Performance – Actual Cost of Work Performed (ACWP) BCWS Authorized work – scheduled tasks Time frame for the work Sum of planned values – baseline plan