Humphreys & Associates : - EVM Glossary Terms

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EVM Glossary Terms

Learn more about what Earned Value Management (EVM) terms and abbreviations mean.



Article List
  • Apportioned Effort


    Posted: 01/01/2012


    Apportioned effort is a method of planning and measuring the earned value for effort that is related in direct proportion to measured effort and is not readily measurable or broken into discrete work ...


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  • Authorized Unpriced Work (AUW)


    Posted: 01/01/2012


    Authorized Unpriced Work (AUW) is the effort for which definitized contract costs have not yet been negotiated, but for which the contractor has received written authorization from the Procuring Authority to proceed with the work.
     
    The contractor and/or the ...


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  • Contract Management Office (CMO)


    Posted: 01/01/2012


    The government Contract Management Office (CMO) typically has the responsibility of overseeing the contractor’s management and execution processes during the life of the contract.  This responsibility includes negotiating the terms and conditions of contracts, ensuring compliance with those ...


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  • Control Account Manager (CAM)


    Posted: 01/01/2012


    Control Account Manager (CAM). Is a single manager within the organizational structure who has been given the authority and responsibility to manage one or more control accounts.

    A control account is the lowest level in the Work ...


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  • Earned Value (EV)


    Posted: 01/01/2012


    The term Earned Value is often used to describe both a management system and a data item produced from that system, the budget value for completed work (See Budgeted Cost for Work Performed — BCWP).

    An Earned Value Management ...


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  • EIA-748-C


    Posted: 01/01/2012


    The (EIA) 748 revision C was recently released. The EIA-748-C EVMS Standard contains a set of

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  • EVM Abbreviations


    Posted: 01/02/2012


    EVMS Glossary of Terms: Reference list of common EVM acronyms and EVM abbreviations


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  • Level of Effort (LOE)


    Posted: 01/01/2012


    Level of effort (LOE) tasks consist of management or sustaining type activities that have no identifiable end products or an established relationship to other measurable effort. With LOE, the passage of time is the only measurement criteria; i.e., ...


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  • Management Reserve (MR)


    Posted: 01/01/2012


    Management Reserve (MR) is an amount of the contract budget set aside by the project manager at the beginning of a project. The sum of the Performance Measurement Baseline (PMB) and MR equals the Contract Budget Base (CBB). ...


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