A performance measurement baseline, or PMB, is the time-phased budget plan used to measure the execution of authorized project or contract scope. It integrates scope, schedule, resources, and budget so
The difference between a control account vs work package is primarily one of management level and purpose. A control account is a management control point where scope, schedule, budget, earned
An EVMS planning package is a logical grouping of future work within a control account that has defined scope, schedule, and budget but is not yet planned in enough detail
Earned value management (EVM) is a program-control method that integrates technical scope, schedule and budget to measure performance objectively. It answers three basic questions: How much work did we plan
What is EVMS? An Earned Value Management System (EVMS) is the integrated set of processes, roles, data, tools and management practices used to plan authorized work, measure its accomplishment, capture
EVMS on a firm-fixed-price contract is possible, but it is not the normal DoD approach. Defense Federal Acquisition Regulation Supplement (DFARS) 234.201 discourages applying earned value management to firm-fixed-price contracts
CPI vs SPI is a comparison of cost efficiency and schedule efficiency within earned value management. The Cost Performance Index (CPI) shows how efficiently the program converts actual cost into
BCWS, BCWP and ACWP are the traditional names for the three core earned value data elements now commonly called PV, EV and AC. Budgeted Cost for Work Scheduled (BCWS) equals
Budget at completion (BAC) is the total authorized budget assigned to complete a defined scope of work. At the total project or contract level, BAC generally represents the Performance Measurement
The Integrated Master Schedule (IMS) supports an Earned Value Management System (EVMS) by defining when authorized work will occur, connecting that work through schedule logic and providing the status and
