1. Are underlying EVM metrics fullly, forthrightly, and timely, and transparently reported?
2. Should EVM metrics be inputs to Congressional oversight, appropriation of funds, and and authorization of agency and presidential activities?
3. What might be the advantages of requiring independently, publically accessible assessments, including verification and validation, of the underlying quality of EVM data, including cost estimates and assessments of the functionality that is delivered in comparison with what was planned?
The report states that the usefulness of EVM metrics depends on the quality and reliability of the cost, schedule, and functionality data that underlie both a project's baseline plan and its reports on work performed.
Performance-Based Earned Value - DoD Policy Summary and Guidelines - Links to OMB memos and to articles in DoD publications that tell how to link fees to objective measures of contractor performance are in my website www.PB-EV.com See the Advanced EV:PBEV and DoD tabs.
Practice Standard for Earned Value Management - Earned value management (EVM) is one of the most effective performance measurement and feedback tools for managing projects. EVM methodology incorporates project scope, schedule and costs, and is applicable across a range of knowledge areas and practice groups. Published in 2004, the Practice Standard for Earned Value Management expands on the EVM information in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)—Third Edition. The standard in detail describes the elements of EVM. It also offers examples of how EVM can fit any project size or situation.
SPMN Critical Software Practices: #4: Track Earned Value - The SPMN was established in 1992 by the Assistant Secretary of the Navy to identify proven industry and government software best practices and convey these practices to managers of large-scale DoD system acquisition programs. The SPMN 16 Critical Software PracticesTM specifically address underlying cost and schedule drivers that have caused many software intensive systems to be delivered over budget, behind schedule and with significant performance shortfalls.
Practice Number 4 is Track Earned Value. Details can be found on the SPMN web site listed below.
DACS Gold Practice Initiative
