Lesson 1: Introduction to Earned Value Management
Course ID: SSIEVM1201
Course Credit: 2 Hours
Course Handout: Provided at session start
Lesson 1: Introduction to Earned Value Management
Objective: Introduce the principles and value of Earned Value Management (EVM) and its role in project performance.
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History and evolution of EVM
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Definitions of key metrics: BCWS, BCWP, ACWP, SV, SPI, CV, CPI, BAC, EAC, VAC
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EVM implementation types: Full vs EV Lite
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Government contract types and thresholds
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EIA-748 standard and EVMS requirements
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Roles: PM, CAM, Scheduler, Financial Analyst, etc.
