Earned Value Management

Earned Value Management (EVM) is a Project Management tool used to track and evaluate a project’s performance. EVM combines metrics on cost, schedule, and technical accomplishment to determine, at any given point, a project’s status and performance. Traditional project management methods measures progress based on how much money a project has spent, or how much time has elapsed, with no correlation to how much work is being accomplished. For example, the project has spent 50% of the budget so 50% of the necessary work must also be complete. EVM on the other hand, measures progress through ratios linking cost, schedule, and performance; cost and schedule measurements are incorporated directly into technical performance.

Federal Agencies and Department of Defense programs must comply with Office of Management and Budget (OMB) and Federal Acquisition Regulations (FAR/DFAR) as well as ensure effective project oversight by requiring Contractors have a certified Earned Value Management System (EVMS). The EVMS should integrate program scope, schedule and cost objectives; establish a baseline plan for accomplishment of program objectives, and use EVM for performance measurement during execution of the program. KM Systems Group (KMSG) offers proven EVMS review and validation solutions for Federal Agencies and Government Contractors aimed at establishing compliance with the ANSI/EIA-748 EVMS Standard.

In this era of greater accountability and discipline, Federal Agencies and Commercial Organizations seek ways to drive the greatest possible return on their capital investments. More and more organizations are adopting Earned Value Management (EVM) because it is a proven project management methodology which provides the ability to assess program progress in an objective manner by combining measurements of scope, schedule and cost in a single integrated system. The end result is a crystal clear view of whether or not a project is on track to meet its intended goals. KM Systems Group (KMSG) is a recognized leader in the design, implementation and support of EVM systems because we go beyond merely helping our clients meet Agency and ANSI/EIA 748 EVM certification and performance requirements to truly working with them to achieve their desired business objectives.

Federal Agencies and Commercial Organizations now, more than ever, have to do more with less. Managers have to be lean and minimize costs while expanding services and still exceeding customer expectations. Proven weapons to avoid surprises are standardized processes, real-time information, accurate data, and efficient collaboration. Obtaining these critical enablers of success requires deliberate design and professional discipline. KM Systems Group (KMSG) enables performance improvement for companies seeking to maximize efficiency.

Federal Agencies and Commercial organizations face ever increasing IT budget cuts and constraints. For this reason it is imperative they maximize their return on investment by insuring all capital projects are directly aligned with the organization’s mission or objectives, leverage economies of scale through shared services, and the elimination of duplicative projects. They are also striving to improve the execution of capital projects to ensure on time and budget deployment of mission critical systems. KM Systems Group (KMSG) is a leader in Project Portfolio Management (PPM) and supporting the implementation of Project Management Office’s (PMO’s) for Federal Agencies and Commercial organizations.

Federal Agencies and Commercial Organizations face increasing competition for funding. In addition, programs and projects have become larger and more complex; and there is greater oversight from key stakeholders. Earned Value Management (EVM) is a proven project management methodology which is required to be used for major capital investments by the Office of Management and Budget (OMB) and by Federal Acquisition Regulations (FAR/DFAR). In addition to implementing an EVM System (EVMS), Agencies are also challenged with enabling the Agency mission and improving the level of constituent services while doing so with decreasing financial resources. In order to successfully execute with precision, managers must motivate their teams, optimize resources, and validate products and service deliverables. KM Systems Group (KMSG) offers a full range of EVM education, EVMS training, and OPI education courses.

KM Systems Group (KMSG) is a recognized thought leader in Earned Value Management (EVM) and the development of Earned Value Management Systems (EVMS).  We have considerable experience providing EVMS support to many government agencies and government contractors; and understand that implementing and supporting an EVMS may be a daunting task for contractors with limited experience or resources.