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Performance-Based Earned Value ®

PBEV = EVM + Quality
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Performance-Based Earned Value®
  • Augments the EVMS Standard by specifying techniques and measures that integrate technical performance or Quality with schedule and cost performance.
  • Overcomes the Quality Gap in the EVMS Standard  Link: EVMS Quality Gap
  • Is based on standards for Systems Engineering, Software Engineering, and Project Management
  • Measures progress towards meeting product requirements and Quality
  • Reduces EVM costs by measuring only what's important
  • Supports DOD Guides to link EV with technical performance and baselines,     including Defense Acquisition Guidebook (DAG)
  • Is the fully explained in the book that provides:
    • Foundation for more effective project management
    • Examples, templates, tips
    • Source standards, models, policies
    • Help for customers and suppliers
    • Fundamentals for students and new users of EVM
    • Advanced techniques for planning and measuring technical performance
    • Tips for performance-based acquisition management and oversight

    Key PBEV Principles (P) and Guidelines that augment the EVMS standard:

    Key Guidelines:

    1.1 Establish product requirements and allocate these to product components.

    1.2 Maintain bidirectional traceability of product and product component requirements among:

    –Projectplans

    –Work packages and planning packages

    –Work products.

    2.2 Specify work products and performance-based measures of progress for meeting productrequirements as base measures of earned value.

    2.5 Establish:

    –Time-phased, planned values for measures of progress towards meeting product requirements

    –Dates or frequency for checking progress

    –Dates when full conformance will be met

    2.6 Allocate budget in discrete work packages to measures of progress towards

    meeting product requirements.

    2.7 Compare

    –Amount of planned budget and

    –Amount of budget earned

    for achieving progress towards meeting product requirements

    Note: All 16 guidelines cross-referenced to SE standards and CMMI in article, “Performance-Based Earned Value”, in DOD CrossTalk, 8/2005, PBEV article