An Earned Value Management System (EVMS) for integrated program management will effectively integrate the work scope of a program with the schedule and cost elements for optimum program planning and control. The primary purpose of the system is to support integrated program management. The system is owned by the organization and is governed by the organization's policies and procedures. The principle of an EVMS are: Plan all work scope for the program to completion; Break down the program work scope into finite pieces that are assigned to a responsible person or organization for control of technical, schedule and cost objectives; Integrate program work scope, schedule, and cost objectives into a performance measurement baseline plan against which accomplishments are measured. Control changes to the baseline; Use actual costs incurred and recorded in accomplishing the work performed; Objectively assess accomplishments at the work performance level; Analyze significant variances from the plan, forecast impacts, and prepare an estimate at completion based on performance to date and the remaining work to be performed; Use the EVMS information in the organization's management processes.
Rationale: Minor Revision of the Standard, solicit input for updates and improvement, maintain for accuracy for 5 year review.
January 2017 – Kick-off Refresh/Reaffirmation effort with Government and Industry stakeholders
February to August 2017 – Comment collection period
March 31 2017 – Initial inputs/comments were due
September to December 2017 – Comment adjudication period
January to March 2018 – Document finalization and review process with SAE
Note 4: complementary systems to interface with the EVM System – E/MRP & Agile
Adds & Edits to Definitions to align with common terminology
ACTIVITY/TASK
AUTHORIED UNPRICED WORK (AUW)
ELEMENT OF COST(EOC)
ESTIMATE AT COMPLETION (EAC)
ESTIMATE TO COMPLETION (ETC)
LEVEL OF EFFORT (LOE)
MANAGEMENT RESERVE (MR)
OVER TARGET BASELINE (OTB)
OVER TARGET SCHEDULE (OTS)
RISK OR RISK AND OPPORTUNITY (R&O)
SUMMARY LEVEL PLANNING PACKAGE (SLPP)
Added Graphic around Establishing Control Accounts
Edit to planning package conversion – “ensure planning packages are converted into work packages prior to the start of the planned work”
Added content around “Purchased Services”
Added items to section 6 - suggested references
Approved for Ballot by G47/NDIA Integrated Program Management Division (IPMD) is the author of and the steward for the EIA 748 Standard for Earned Value Management Systems
