Earned Value Management
Cost performance and schedule must be considered in meeting to goals for value management.
If no proposal has no cost to do a task; no time and resource allocated, then how can you measure earned value.
As budgeted work is accomplished, the associated value of that work is "Earned" This is called Earned Value or Work Accomplished.
Cost performance and schedule must be considered in meeting to goals for value management.
If no proposal has no cost to do a task; no time and resource allocated, then how can you measure earned value.
As budgeted work is accomplished, the associated value of that work is "Earned" This is called Earned Value or Work Accomplished.
Earned Value Management for military contracts are mandatory for cost exceeding 50,000,000. However, smaller contracts should at least have a work breakdown structure with resources and time management schedule.
