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Earned Value Management

Earned Value Management. For the Acquisition Workforce Conference On April 19, 2005. Marilyn Holland, Chief PPMD/OCIO/USDA. What is Earned Value Management (EVM)?. Earned Value is– value of completed work expressed in terms of budget assigned to that work.

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Earned Value Management

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  1. Earned Value Management For the Acquisition Workforce Conference On April 19, 2005 Marilyn Holland, Chief PPMD/OCIO/USDA

  2. What is Earned Value Management (EVM)? • Earned Value is–value of completed work expressed in terms of budget assigned to that work. • EVM is—A management methodology for objectively measuring project performance and progress • EVM System is—a “process” for objectively measuring project performance and progress. (defined in ANSI/EIA-748-A) • What it isn’t — just a tool

  3. Why Earned Value Management? • Clinger-Cohen Act of 1996; Federal Acquisition Streamlining Act; OMB Circular A-11 • With over $60 billion each year spent government-wide on IT, OMB wants to ensure that all significant federal IT investments are well-managed. • August 23, 2004, OMB Memo expanded EVM to PMA scorecard

  4. Who has to do EVM? • Project managers of “Major investments” with significant development/ modernization/enhancements (D/M/E) expenditures • Contracting Officers are critical

  5. Status of EVM at USDA Senior Procurement Exec/CIO memo directing use of EVM-9/2004 DR drafted Creating Implementation Guide Creating EVM Reference Guide (based on DOD) 25 Majors have started reporting EVM results into the USDA repository (WorkLenz)

  6. Questions? • Marilyn Holland • marilyn.holland@usda.gov or 202-720-6275 • Dan Stoltz • dan.stoltz@usda.gov or 202-720-9080

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