An analysis of the benefits and application of Earned Value Management (EVM) project management techniques for DOD programs that do not meet DOD policy thresholds
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The primary objective of this research was to demonstrate how Earned Value Management (EVM) principles can be applicable for non-major programs that spend money within the Department of Defense. This Joint Applied Project provided a tailorable EVM approach, both for contracts that do not meet the threshold, and contracts that have a waiver and need modified levels of cost, schedule and performance reporting. The immediate objective of this research project was to examine the question: Can the application of EVM-Lite project management techniques improve the reporting metrics to assess acquisition category (ACAT) II and III cost and schedule performance trends across programs? The JAP examined the background of present cost and schedule reporting currently being used for non-major DOD programs. A comparative analysis was conducted on ACAT II and III programs to define the key issues related to accuracy, completeness, and consistency with data received by the contractor to measure performance. The results indicated that by the use of EVM techniques, ACAT II and III programs can improve data reliability and effectively measure cost and schedule performance. An example of the EVM concepts was demonstrated as a starting point and where tailoring is appropriate.
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