Addressing
the Challenges to Earned Value Management Compliance
eProMT’s
approach to Earned Value Management (EVM)
deals specifically with three of the most common challenges
facing government contractors when confronted with EVM contract
requirements:
- Most
companies deploy program management procedures and practices
that are not consistent with the mandates of EVM. The
best practices already built into eProMT’s project
budgeting, reporting and performance assessment capabilities
are compliant with mandated EVM standards. For Government
Contractors already using eProMT, full EVM compliance
will be very natural and requires adopting just a few additional
project management disciplines that are a simple and logical
extension of existing practices already deployed in eProMT.
- Contractors
using eProMT have a significant advantage when negotiating
an EVM Government Contract. It
is during the proposal process that the contractor determines
the detailed plan and process for fulfilling the EVM requirements.
By understanding the requirements of EVM, a Government
Contractor can negotiate the EVM requirements and the appropriate
increase in costs it will require. It is critical
that the proposal and subsequent negotiation process reflect
well constructed, reasonable commitments on the part of
the Government Contractor. eProMT provides the framework
and substance for properly establishing those commitments. Without
eProMT, the General Contractor is at risk of making commitments
that may be very difficult and expensice to satisfy.
- Fulfilling
EVM requirements can become overly complicated and burdensome
if they are not implemented in a way that balances contract
performance risk and EVM process costs. eProMT’s
approach to fulfilling EVM simplifies the process by minimizing
the support effort and maximizing performance management
capabilities. This establishes confidence on the part of
the Government Agency Customer creating a competive advantage
for the government contractor.
Whether
a Government Contractor embraces EVM because it is a new requirement
in doing business with an existing customer or because it makes
sense from an internal business point of view, eProMT provides
a very simple, no-nonsense roadmap for getting the job done.
eProMT’s EVM capabilities, like all of its best practices,
are designed to maximize ROI for government contractors.
eProMT - Affordable Performance
Intelligence, including EVM, for Government
Contractors |