DSMC POC: Earned Value Management Department; (703) 805-3769
Earned Value Management: The use of an
integrated management system to coordinate work scope, schedule, and cost
goals and objectively measure progress toward those goals.
Earned Value Management Systems (EVMS): Management standards (for significant dollar threshold contracts) used to
evaluate an organization's integrated management systems.
Cost Performance Report (CPR): An objective
summary of contract status that includes the following:
Budgeted Cost of Work Scheduled (BCWS) -Value of work scheduled in budget terms.
Budgeted Cost of Work Performed (BCWP) -Value of work completed in budget terms.
Actual Cost of Work Performed (ACWP) -Cost of work completed.
Cost/Schedule Status Report (C/SSR): A reasonably objective summary of contract status in terms of BCWS, BCWP, and ACWP.
Work Breakdown Structure (WBS): A product-oriented family tree composed of hardware, software, services, and data, which comprise the entire work effort under a program.
Integrated Baseline Review (IBR): A joint Government/Contractor assessment of the performance measurement baseline (PMB).