Categories ▼ Recent Posts ▼

Level Of Effort Decision Tree – Clarifying Source Articles

July 2, 2013 Budgeting

A decision tree for different approaches to LOE replanning to avoid Corrective Action Requests. Based on JIG Supplemental Guidance.

Read the full article →

NDIA and Earned Value Management – Humphreys & Associates Marks 35+ Years of Participation

June 13, 2013 EIA-748

The National Defense Industrial Association (NDIA), Integrated Program Management Division (IPMD) plays a central role in defining earned value management within the defense contracting community. Earned value management, or EVM, is a project management methodology that measures the technical, cost and scheduling performance of projects and/or programs. EVM systems (EVMS) are widely used and in […]

Read the full article →

EVM Lite – Part 2: Tailoring approaches to EV Lite

June 1, 2013 Earned Value

So, what if there is no EVMS contract requirement, but a company wants to use the EVM principles to measure performance on important work? Approaches for tailoring EVM Lite (also called EV Lite): First, the levels of the Work Breakdown Structure (WBS) could be limited to minimal extension.  With fewer lowest level WBS elements, fewer […]

Read the full article →

What Does it Mean When Somebody Says “We use EVM Lite” – Part 1

May 17, 2013 EIA-748

Here is why Humphreys & Associates takes an interest in this approach to Earned Value Management. Earned Value Management (EVM) “lite” or EV Lite is a hot topic because people recognize that budgets versus actual costs are not meaningful enough for assessing true project technical/schedule/cost status. An awareness exists that there is a significant advantage […]

Read the full article →

Aligning ACWP with BCWP for Proper EVM | Earned Value Management

May 1, 2013 Accounting

Why is Estimated ACWP necessary? To prevent timing mismatches between ACWP and BCWP causing cost variances to appear in the IPMR.

Read the full article →

Part 2 – Weekly Earned Value: More trouble than it’s worth?

April 4, 2013 EVMS General Topics

Part 2 – Continues with the benefits and implementation of weekly Earned Value Management. Here is the link to Part 1 In the past, accounting systems were not able to update actual on a weekly basis. The legacy systems could accrue actual every two weeks or at month end. Now, most labor timekeeping systems are […]

Read the full article →

← Previous Entries

Next Entries →