| Description: |
This system function uses Earned Value Management data input to provide managers with performance measurement tools to assess cost, schedule and performance of Major Defense Acquisition Programs (MDAPs) and Major Automated Information Systems (MAIS) programs. It does this by integrating work scope, schedule and budget resources using EVM variables and metrics. These are the budgeted cost of work scheduled (BCWS); budgeted cost of work performed (BCWP), representing earned value and work accomplishment; and the actual cost of work performed (ACWP). The system uses these metrics to provide graphical trend analysis of Schedule Variance (SV), Cost Variance (CV) and Variance at Completion (VAC). The SV variance metric is determined by subtracting the BCWS from the BCWP and measures work accomplishment against the current schedule plan. The CV is determined by subtracting the ACWP from the BCWP and measures actual cost against budgeted cost. The VAC forecasts overruns or underruns by subtracting the estimate at completion from the budget at completion. |