EVM can be used in many ways. The best way to explain the EVM process is to use an example. EVM starts with a plan using total budgeted costs over a definite period of time (the schedule). Marine Corps Aviation uses this process for calculating the cost of a flight hour.

For example, if the Marine Corps allocated a squadron 12,000 flight hours in one year, the total flight hours can be broken down to a monthly goal of 1000 hours. If a

Earned value in Marine Corps Aviation is mission accomplishment, or how well we do our job. Relate these accomplishments to the cost of actual work performed. Identify cost of the work performed and measure it against the scheduled cost. This measurement is what you need to control for decisions to improve future schedule changes or expanding budget needs. Was $650,000, $50,000 over the budgeted cost, too much? Was the work accomplished at that cost within the original plan of the schedule? Use this information to identify and take appropriate actions in a timely manner to mitigate costs and schedule impacts (DAU, January 4, 2004).

The next step is to relate this to cost. The squadron’s annual flight hour budget is $1.8 million, or $150,000 per month. The first two months, only $200,000 total was required to make the flight time. As a result, the squadron was $100,000 under budget for that period. The following month the cost of aircraft parts spiked, bringing tota

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