In 1996, DoD accepted Industry Guidelines for Earned Value Management (EVM) replacing DoD's Cost/Schedule Control System Criteria (C/SCSC) program. The industry guidelines adopted by DoD are the ANSI/EIA EVM Standards (ANSI/EIA-748-1998). The guidelines represent the framework for an integrated management system that provides for:
- Planning the timely performance of work
- Budgeting resources
- Accounting for costs and measuring actual performance against plans, and
- Replanning resources needed to complete the contract when significant deviations from plans are identified.
EVM requirements apply to contracts over $20 million but may apply to contracts under that threshold if the contracting officer determines its necessity (based on risks).
A contractor's management system must meet 32 guidelines organized into the following five major categories. Unlike the other business system posts, we will not list out all 32 guidelines but they can be accessed here
- Plannig, Scheduling, and Budgeting
- Accounting Considerations
- Analysis and Management Reports
- Revisions and Data Maintenance
EVM surveillance is conducted jointly by DCAA, DCMA, and representatives from the buying command (procurement office).
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