AACE EVP case studies
AACE EVP · Put your knowledge to work in context.
The Earned Value Professional (EVP) credential is one of the professional certifications offered by AACE International, listed alongside the CCP, CEP, PRMP and PSP under the association's professional certification tier. It is intended for practitioners who plan, measure, analyze, forecast and report project performance using earned value management (EVM) techniques, and for those who manage the associated baselines and change control processes. The AACE EVP case studies are 5 cases and about 2,190 words.
1The Rebaseline Request Mid-Execution
You are the EVM analyst on a fixed-price contract to build a water treatment control system. The performance measurement baseline (PMB) was approved nine months ago: BAC 4.2M, 24-month duration, with the software integration work package budgeted at 900K.
466 words, about 2 min2Percent Complete vs. Milestone Weights on a Long Engineering Package
A design-build firm tracks a 3.0M detailed-design work package over 18 months. The CAM has been using a simple percent-complete estimate based on 'drawings issued' and reports 45% complete at month 10 with 1.5M spent.
407 words, about 2 min3Forecasting When the Schedule Slip and Cost Overrun Point Different Directions
A systems integration project reports at month 12: BAC 8.0M, PV 4.8M, EV 4.0M, AC 4.4M. The schedule is slipping because a key subcontractor is late on interface definitions, but the team has been holding costs down by deferring non-critical testing.
431 words, about 2 min4The IBR Finding: Undefined Work and Missing Earned Value Rules
An integrated baseline review (IBR) is conducted three months after award on a 12M, 30-month program. Reviewers find: (1) one control account with 1.8M budget has no documented earned value technique - the CAM says 'we just track it by feel'; (2) a $600K work package is described only as 'program management support' with no discrete deliverables; (3) the schedule shows several activities with no budget and several budgeted activities with no schedule logic; (4) the CAMs cannot explain how their performance data flows to the monthly report.
439 words, about 2 min5Change Control on a Firm-Fixed-Price Contract with a Scope Creep Pattern
A firm-fixed-price contract for a data migration has a PMB of 2.5M over 12 months. Over four months, the customer has issued 14 informal 'can you also…' requests through the technical lead.
447 words, about 2 min