Schedule Performance Metrics
When the value of work performed is less than the value of work scheduled
What is a negative Schedule Variance (SV)
When BCWP is less than ACWP you have this
What is a negative Cost Variance (CV)
He brought the concept of EVM to the Department of Defense from the automotive industry
Who is Robert McNamara
When the value of work performed (BCWP) is equal to the Budget at Complete (BAC) it means this
What is a completed project
Actuals plus this value determines the Estimate at Complete (EAC)
What is the Estimate to Complete (ETC)
This industry document provides a set of guidelines that projects with a contractual EVM requirement MUST follow to implement an effective EVMS that integrates cost, schedule, and technical performance.
What is the EIA-748 Standard?
This metric indicates how efficiently work is actually being completed (BCWP) compared to work that was planned to have been completed (BCWS).
What is Schedule Performance Index (SPI)?
This metric indicates whether work completed is overrunning or underrunning costs by comparing the value of work actually completed (BCWP) to the actual cost of that work (ACWP).
What is Cost Performance Index (CPI)?
This company document describes how project teams will implementation the 32 EVM Guidelines
What is the Earned Value Management System Description (EVM SD)