What is Earned Value Consulting? Earned Value Consulting is support services that an expert in Earned Value Management (EVM) provides to an organization to help them implement an Earned Value Management System (EVMS). EVM consulting services may be offered by organizations that have certified Earned Value professionals on staff, […]
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The (EIA) 748 revision C was recently released. The EIA-748-C EVMS Standard contains a set of 32 Guidelines that defines the requirements that an Earned Value Management System (EVMS) must meet and is the governing document for its application. The 32 EVMS Guidelines incorporate best business practices for project management
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X Y Z
A | B | C | D | E | F | G | H | I | J | K | L | M | Terms N to Z A Accrued Costs The concept of recognizing costs at the time of actual constructive receipt of goods and
Terms A to M | N | O | P | Q | R | S | T | U | V | W | X Y Z N Negative Float Negative float means that the project end date cannot be met based on the current status and the
An integrated master schedule (IMS) is a single network of horizontally and vertically integrated activities consistent with all authorized work for a project. This networked schedule includes all milestones documented in an integrated master plan (IMP) or project milestone hierarchy as well as the detailed activities to meet major project
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The Integrated Program Management Data and Analysis Report (IPMDAR) is a contractually required contract performance report for a government customer described in the Data Item Description (DID) DI-MGMT-81861C. The original DID, DI-MGMT-81861B, was issued in March 2020. The updated DID, DI-MGMT-81861C, was issued in August 2021. The IPMDAR DID superseded
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The Integrated Program Management Report (IPMR) as described in Data Item Description (DID) DI-MGMT-81861A is a contractually required contract performance report to a government customer. The original DID, DI-MGMT-81861, was issued in June 2012. An updated DID, DI-MGMT-81861A, was issued in September 2015. This DID superseded the Contract Performance Report
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Level of effort (LOE) tasks consist of management or sustaining type activities that have no identifiable end products or an established relationship to other measurable effort. With LOE, the passage of time is the only measurement criteria; i.e., Budgeted Cost of Work Performed / BCWP = BCWS (at the end
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