Contract Performance – Cost/Schedule Variance Trends
by Humphreys & Associates | August 1, 2022 5:00 am
EVM training is critical for project managers seeking to implement an earned value management system (EVMS) on their projects. One of the most important aspects of EVM is tracking cost and schedule variance trends. Cost variance is the difference between the earned value (the budgeted cost for work performed) and the actual costs of work performed. Schedule variance, on the other hand, is the difference between the earned value (actual progress made on a project) and the budgeted cost for work scheduled in cost terms. By closely monitoring these two metrics, project managers can quickly identify issues that could impact the successful completion of a project. EVM training provides project managers with the tools they need to accurately track cost and schedule variances, and ultimately to deliver successful projects.
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Not sure what the different requirements are between the DOE and NASA? Can’t remember if Cost and Software Data Reporting (CSDR) is required for an NSA contract? Check out our easy to read Earned Value Management Systems Document Matrix
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EVMS is a comprehensive approach to project management that encompasses all aspects of a project, from inception to completion. EVMS courses from Humphreys and Associates will give you the skills and knowledge you need to successfully manage EVM projects of all sizes.
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EVM training sessions are offered throughout the year by H&A. EVMS, advanced Earned Value Management techniques, and project scheduling are all covered during these frequent public EVM workshops. These earned value education courses are ideal for anybody wanting to increase their understanding of or application of EVMS or scheduling. Our training programs are suited for individuals with various degrees.
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