Compliance with NDIA/EIA-748 and an EVMS validation is required for DoD cost or incentive contracts and agreements valued at or greater than $50M. If the contract value is less than $50M, then formal validation of the contractor’s EVMS is not required; however, the contractor needs to maintain compliance with the standard.
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What is the eia-748-d EVMs standard?
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 32 EVMS Guidelines incorporate best business practices for project management systems that have proven to provide strong benefits...
What is EIA 748 Revision D?
EIA-748-D 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.
Who can use the eia-748 compliance map?
A customer or industry reviewer of an EVMS can use the compliance map as the basis for verifying compliance with the EIA-748 EVMS Guidelines. EIA-748-D Intent Guide © 2018 NDIA IPMD 2 In performing an assessment or verification that business processes and system documentation
What are the five categories of eia-748?
The EIA-748 Standard and this intent guide organize the 32 guidelines into five process categories: 1. Organization; 2. Planning, Scheduling, and Budgeting; 3. Accounting Considerations; 4. Analysis and Management Reports; and 5. Revisions and Data Maintenance.
What EIA 748?
The National Defense Industrial Association (NDIA) / Electronic Industries Alliance (EIA) standard EIA-748, Earned Value Management Systems (EVMS), is the standard for DoD Earned Value Management programs. The DoD formally adopted EIA-748 in August 1998 for application to Major Defense Acquisition Programs (MDAP).
Is EVMS required for FFP contracts?
BASIC REQUIREMENTS A formally validated and accepted EVMS is required for cost or incentive contracts equal to or greater than $50M. EVM is discouraged for Firm-Fixed Price (FFP) contracts, except when a FFP contract equal to or greater than $20M is used for development work.
What is the purpose of the Earned Value Management System EVMS guidelines?
The purpose of EVM is to ensure sound planning and resourcing of all tasks required for contract performance.
What is Earned Value Management in government contracts?
The U.S. Department of Energy (DOE) uses Earned Value Management (EVM) as a performance management tool that measures actual performance of work scope and the associated cost and schedule compared to the approved baseline plan for a project or contract.
What is the threshold for EVMS?
The $100M threshold applies to cost or incentive contracts or subcontracts where a contractor is required to have an EVMS in place that has been determined to be compliant with the EIA-748 Standard for Earned Value Management Systems.
Which office is responsible for recognition and acceptance of the contractor's Earned Value Management System?
Contract Management Office The Administrative Contracting Officer (ACO) is authorized to execute the Advance Agreement (AA) or Letter of Acceptance (LOA) with the contractor that recognizes the contractor's EVMS validation.
What parameters are necessary for EVM?
Agile EVM requires only a few input parameters:A release plan with the number of sprints.An estimated product backlog.The actual costs of work perfomed.The estimated development velocity.
What are the most important things we need to consider while doing the earned value calculations?
Earned value calculations require the following: Planned Value (PV) = the budgeted amount through the current reporting period. Actual Cost (AC) = actual costs to date. Earned Value (EV) = total project budget multiplied by the % of project completion.
What is the purpose of the DoD EVMS compliance reviews and surveillance processes?
The purpose and objectives of a Defense Contract Management Agency's (DCMA) Earned Value Management System (EVMS) Compliance Review is to make sure a contractor is effectively using an internal cost and schedule management control systems and for the Government to be able to rely on accurate, valid, reliable, timely, ...
Is EVM mandatory?
DoD policy mandates EVM for major acquisition contracts that meet the thresholds and criteria contained in DoD Instruction 5000.2. This is mandatory unless waived by the Milestone Decision Authority (MDA).
What is the purpose of earned value management?
EVM helps provide the basis to assess work progress against a baseline plan, relates technical, time and cost performance, provides data for pro-active management action and provides managers with a summary of effective decision making.
What forms the foundation for earned value reporting and Statusing?
These factors are the budgeted cost of work scheduled (BCWS), the budgeted cost of work performed (BCWP), and the actual cost of work performed (ACWP). These three elements form the basis for the earned value reporting system.
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Who is responsible for the EIA 748?
The NDIA Integrated Program Management Division (IPMD) is the author and responsible for the EIA-748. Like ANSI or ISO standards, this standard must be purchased for good money from the Society of Automotive Engineers (SAE) International.
What is an EVMS?
The DoD Defined the Requirements for an Earned Value Management System. Until 1997, the DoD defined the requirements for an Earned Value Management System (EVMS). Whoever wanted to receive a major DoD contract from the private industry had to use an EVMS that met these requirements.
What is the first ISO standard for Earned Value Management?
The ISO standard describes 11 process steps for the introduction of EVM and supplements ISO 21500 and ISO 21503.
When was the EVMS standard published?
The result was an “industry version” called “Earned Value Management Systems (EVMS) Criteria”, published in 1998 as ANSI Standard ANSI/EIA-748 and approved by the Electronic Industries Alliance (EIA), an ANSI partner. This standard was then adopted by the DoD.
Has the EIA 748-D been changed?
The 32 criteria, on the other hand, have not been significantly changed. In January 2019, the Society of Automotive Engineers (SAE) / Electronics Industry Alliance (EIA) published the EIA-748-D, which also only received clarifications and small additions, but did not change the 32 criteria.
What is earned value management?
Assess management actions and modify them as required to achieve project objectives. Earned value data must be utilized by all levels of management for effective project execution. Because of this, the data produced by the earned value management system must be available to managers on a timely basis and must be of sufficient quality to ensure that effective management decisions can be made as a result of its analysis. The project’s internal reports and the reports forwarded to their customer must indicate the overall cost and schedule impacts of such problems on the project.
How to integrate technical, schedule, and cost elements of a project?
Integrate the technical, schedule, and cost elements of the project through detailed, intermediate and summary project plans that include schedules, budgets, authorization of work, and accumulation of costs consistent with the budget plan. The work tasks are assigned to a WBS and OBS and are traceable to the scheduling system and the cost collection system. Establishment of control accounts at the intersection of the WBS and OBS facilitates the linkage between the planning, scheduling, budgeting, work authorization, cost accumulation, and performance measurement processes. The control accounts should be determined by the scope of the management tasks.
What is the integration of WBS and OBS?
Integration of the WBS and OBS establishes the control account where the performance measurement necessary for project management is performed. This intersection results in designation of a focal point for management control, the control account manager (CAM).