Primary Author: Mr Scott E. Lindsay PSP
Co-author(s): Ms Michelle A M Lindsay PSP; Mr Jeffrey M G Morton
Audience Focus: Intermediate
Application Type: Application
Venue: 2013 AACE International Annual Meeting, Washington, DC, USA
Abstract: Earned value management (EVM) is a systematic approach to project management from planning to completion that integrates project scope, schedule, and cost. EVM provides a consistent way to measure success and risk throughout the life of the project. To improve the stewardship of taxpayer dollars, since 2006 the Federal Acquisition Regulations (FAR) has required the use of an ANSI/EIA-748 compliant EVM system (EVMS) on government contracts exceeding agency thresholds. Government contractors invest considerable time and effort towards preparing for the initial assessment, yet rarely receive a 100% stamp of compliance on their first try. This paper provides the results of a series of interviews with four EVMS subject experts whose average experience with EV exceeds 30 years. The paper walks the reader through the steps required for EVMS certification and provides a set of best practices for each step. The paper also describes common CARs and CIOs with mitigation strategies.
Co-author(s): Ms Michelle A M Lindsay PSP; Mr Jeffrey M G Morton
Audience Focus: Intermediate
Application Type: Application
Venue: 2013 AACE International Annual Meeting, Washington, DC, USA
Abstract: Earned value management (EVM) is a systematic approach to project management from planning to completion that integrates project scope, schedule, and cost. EVM provides a consistent way to measure success and risk throughout the life of the project. To improve the stewardship of taxpayer dollars, since 2006 the Federal Acquisition Regulations (FAR) has required the use of an ANSI/EIA-748 compliant EVM system (EVMS) on government contracts exceeding agency thresholds. Government contractors invest considerable time and effort towards preparing for the initial assessment, yet rarely receive a 100% stamp of compliance on their first try. This paper provides the results of a series of interviews with four EVMS subject experts whose average experience with EV exceeds 30 years. The paper walks the reader through the steps required for EVMS certification and provides a set of best practices for each step. The paper also describes common CARs and CIOs with mitigation strategies.