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Earned Value Management NCMA Workshop_June08

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Earn value
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  1 BASICS OF EARNED VALUE MANAGEMENT National Contract Management Association Colorado Springs Colorado  June 19, 2008  2  Earned Value Management (EVM) Training Objectives ã Understand basic concepts – What EVM is and basic terms ã How to evaluate performance – What does it all mean? ã How to manage using Earned Value – Now that we know what it is and what it means, what do we do with it?  3  Earned Value Management Systems measure progress  Progress = Movement Forward to measure progress, there must be a standard against which the forward movement may be compared  EVMS establishes a baseline to measure progress  4  EVM can provide answers to the  following questions: ã How much have we spent? ã How much did we get for our money? ã How much more will be have to spend to complete the tasks we wanted to accomplish? ã How much longer will it take? ã How efficiently is the work being done? ã What has happened? (Why are we off schedule/cost?) ã What is happening? (What are the impacts?) ã What is going to happen? (What are we doing to fix it?)
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