The earned value reporting period defines the frequency and the interval for the Update Earned Value History job to take historical earned value snapshots of performance and save snapshot in the earned value history table. When using earned value methodologies to analyze project performance, the earned value reporting period is used by the job to take the snapshot and is saved based on a project's association to the period. The project manager associates the project to the appropriate period.
When tracking for compliance with ANSI/EIA-748-A earned value management requirements, the project manager must associate all projects and contracts to a reporting period. Part of the United States Federal regulations is that for any particular reporting period, you must run and produce the contract performance reports. These reports must record your performance to date as well as for the current period.
Best Practices: If your project has tasks that are associated with a contract, associate the project to the same earned value reporting period as the one that is associated to the contract.
By setting up reporting periods, you define the time intervals used to save earned value (EV) data, such as weekly or monthly. These periods are used to store and calculate historical earned value.
Note: See the Project Management User Guide for more information.
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