Do you know basic Earned Value Management terms and how they relate to an EVMS graph? Before watching this video take the quiz and see if you can identify all of the parts of the EVM graph example.

If you are not sure about a specific term, use the links below to skip to that term’s definition.

0:41 – Management Reserve
2:33 – Schedule Variance
3:13 – Budget At Completion
3:27 – Budgeted Cost for Work Scheduled
3:50 – Variance At Completion
4:42 – Estimate At Completion
5:36 – Actual Cost of Work Performed
5:55 – Estimate to Complete
6:08 – Cost Variance
6:27 – Program Overrun
6:40 – Time Now
6:48 – Budgeted Cost for Work Performed
7:05 – Forecasted Program Schedule Slip
7:23 – Estimated Completion Date
7:28 – Planned Completion Date

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Earned Value: Fun with Numbers or Real Management Data – Answers (part 2)

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Humphreys & Associates (H&A) has the opportunity to work with many kinds of clients who operate EVM Systems for all kinds of customers. We are regularly called on to help them our clients review and improve their EVMS.

H&A has identified several recurring EVMS issues and also the most common ways to prevent or correct these issues.

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Who Owns Subcontractor Management Reserve (MR)?

March 2, 2020 Earned Value Management (EVM)

Subcontractor, Prime Contractor… Customer? There has long been discussion regarding who “owns” a subcontractor’s Management Reserve (MR).

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Video Series – Common Problems Found in EVMS and Recommended Corrective Actions – 5 of 5

February 3, 2020 Earned Value Management (EVM)

When is it appropriate to use PERT to calculate the BCWP? Can MR be negative? How do I choose a CAM? Our final video in this series has answers.

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Video Series – Common Problems Found in EVMS and Recommended Corrective Actions – 4 of 5

December 2, 2019 Earned Value Management (EVM)

Misalignment between BCWP and ACWP, Freeze Period Violations, Failed Data Traces. Learn what you can do to identify and resolve these issues.

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Video Series – Common Problems Found in EVMS and Recommended Corrective Actions – 3 of 5

November 5, 2019 Earned Value Management (EVM)
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If you have been following Humphreys & Associates YouTube channel you know we have been releasing new a video library reviewing some of our most successful blog series. This month we released video 3 of 5  for the blog series “Common Problems Found in EVMS and Recommended Corrective Actions”. The following links will let you skip […]

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