Release Notes: Earned Value Manager (EVM) Add-In › Feature Overview

Feature Overview

The Earned Value Manager (EVM) add-in serves U.S. federal government agencies and prime contractors in the government space at the state, local, and federal levels to ensure that their IT projects are following earned value principles that are defined in the ANSI/EIA-748-A standard. ANSI/EIA-748-A is the primary list of requirements for an integrated Earned Value Management System (EVMS).

Many of the 32 criteria are supported today with CA Clarity PPM. This add-in leverages the product's existing scheduling and resource cost management features to integrate with new EV Contract Management features to deliver an integrated solution.

Using this add-in, you can:

• Define the Contract Work Breakdown Structure (CWBS) associated with a contract program.
• Define burdening matrices for indirect cost elements. Together with the product's existing rate matrix, which defines the direct cost structure for a resource, the matrices form a flexible means for costing out fully burdened project resource costs.
• Link work packages with projects and project tasks for reporting earned value on the scheduled work that is delivered by the control account.
• Generate historical earned value metrics for the contract work breakdown structure (CWBS) hierarchy.
• Report on contract performance measurements using industry-standard Contract Performance Reports (CPR) formats 1-5.