A Comparison of Earned Value and Earned Schedule Duration Forecast Methods on Department of Defense Major Defense Acquisition Programs
Bruchey, William J.
MetadataShow full item record
Earned value management is a project management tool that integrates project scope with cost, schedule, and performance elements for optimum project planning and control. Earned value management is required by the Department of Defense for cost and incentive type contracts equal or greater than $20 million as part of a comprehensive approach to improving critical acquisitions. It is used to forecast the programs schedule performance using cost-based indicators but not time-based indicators. Earned value management has been used since the early 1960s as a program management tool, but is viewed by some professionals as incomplete when predicting schedule performance values. An extension of earned value management, called earned schedule, was introduced in 2003 as a tool to more accurately estimate schedule performance using time indicators that is lacking in traditional earned value management estimates. Earned schedule uses standard earned value management performance indicator values and time-based equations to depict the schedule performance. This research project measured the accuracy of earned value and earned schedule final duration forecast methods by analyzing four U.S. Army Chemical Materials Agency programs.
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
An analysis of the benefits and application of Earned Value Management (EVM) project management techniques for DOD programs that do not meet DOD policy thresholds Schneider, Randy; Sparks, Joseph; Yerkovich, Pamela (Monterey, California: Naval Postgraduate School, 2017-12);The primary objective of this research was to demonstrate how Earned Value Management (EVM) principles can be applicable for non-major programs that spend money within the Department of Defense. This Joint Applied Project ...
Deliberating a contract-type based risk mitigation strategy for South African Defense Acquisitions Mkhaliphi, Thomas M. (Monterey, California: Naval Postgraduate School, 2016-06);This project explores the possibility of applying a contract-type based strategy to manage acquisition program costs and schedule risks for the South African (SA) Department of Defense (DOD). The hypothesis proposes a ...
An analysis of Earned Value Management Implementation within the F-22 System Program Office's Software Development Dibert, John C; Velez, John C. (Monterey, California. Naval Postgraduate School, 2006-12);Department of Defense (DoD) use of Earned Value Management (EVM) program control tool has significantly increased in the last ten years. DoD acquisition policy and training promotes EVM as a cost and schedule management ...