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Earned Value Management
AMS Policy Section 4.16 The FAA employs earned value management to provide integrated, accurate, and timely cost, schedule, and technical performance information for developmental activities.
What Must be Done
Apply earned value management (EVM) according to the guidelines of EIA-748 for program and contract developmental activities as specified in the integrated strategy and planning document and program management plan or as directed by the Joint Resources Council.
Who Does It
The service team or program office plans and executes EVM on contract and program developmental activities.
The EVM Focal Point oversees EVM processes and assists implementation on program and contract developmental activity.
Who Approves
Approval authorities are specified in document templates.
The Joint Resources Council may direct any program to implement EVM.
Key Outputs and Products
- EVM strategy in the ISPD
- EVM planning in the PMP
- Comprehensive Work Breakdown Structure
- Network Schedule
- Performance Measurement Baseline
