Earned value management system definition
Examples of Earned value management system in a sentence
Earned Value Management System (EVMS) A sound management approach that provides all levels of management with early visibility into cost and schedule performance.
A product or service orientated hierarchy that defines the logical relationship among all components to a specific level that does not constrain the contractor’s ability to define or manage the project or resources to deliver that project Earned Value Management Plan (EVMP) A description of how the Earned Value Management System will be applied.
Contract Milestones Those points in time when the Contractor will achieve or expects to receive significant deliverables Contract Performance Reports (CPR) A set of reports used in an Earned Value Management System that complies with the APM requirements and EIA 748.