Earned Value Management System Evms Guidelines

The electronic industries alliance eia 748 revision d was recently released the eia 748 d evms standard contains a set of 32 guidelines that defines the requirements that an earned value management system evms must meet and is the governing document for its application. The eia 748 standard for earned value management systems evms section 2 provides a list of the 32 guidelines for use in establishing and applying an evms. And procedures which support how its system meets the intent of the 32 guidelines.

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Evms Implementation

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The earned value management system standard surveillance instruction latest revision february 2012 defines the defense contract management agency standardized methodology to conduct contractor surveillance on evm systems this includes assessment of contractor processes and procedures to ensure the 32 eia 748 guidelines are being followed when contractually required.

Earned value management system evms guidelines.

The 32 evms guidelines incorporate best business practices for project management systems that have proven to provide. In designing implementing and improving the evms the objective should be to d9 what makes sense. Earned value management evm is a widely accepted industry best practice for program management used across the department of defense dod the federal overnment and the commercial sector. Has developed an industry based standard earned value management system guidelines ansileia 748 1998 for applying earned value.

This article explains the process of practicing eva by examining it within the larger frame of an earned. Earned value analysis eva is a tool that can significant help project managers understand how their projects are performing. Iv system disapproval if initial evms validation is not successfully completed within the time frame approved by the contracting officer or if the contracting officer determines that the contractor s earned value management system contains one or more significant deficiencies in high risk guidelines in ansi eia 748 standards guidelines 1. Earned value management system nov 2016 a the contractor shall use an earned value management system evms that has been determined by the cognizant federal agency cfa to be compliant with the guidelines in electronic industries alliance standard 748 eia 748 current version at the time of award to manage this contract.

As prescribed in 34 203 c insert the following clause. An evms that complies with the intent of the guidelines will facilitate inherent features of a good evms. Section 3 of the evms standard includes additional discussion on applyingearned value management practices using the 32 guidelines. Be derived from the same earned value management system evms used by the contractor to manage the contract integrate subcontract evms data into prime contractor s evms 1 1 3 uniform guidance this document provides uniform guidance for.

But because many project professionals do not fully understand eva s purpose and benefits many managers often fail when attempting to apply eva to their projects.