Earned Value Management blog by Humphreys & Associates

Comparing the Efficacy of Independent Estimate at Completion (IEAC) Methods Using Real Project Data

July 1, 2023 Earned Value Management System (EVMS)

H&A is studying the accuracy of Independent EAC (IEAC) formulae in evaluating contractors’ EACs. Seeking PMs assistance to compare real IEACs.

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Tips for Producing an Earned Value Management System Description

June 1, 2023 Earned Value Management System (EVMS)

Learn the importance of an EVM System Description and explore approaches to create one. Discover pros and cons of single vs. multiple documents.

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Using Earned Value Management (EVM) Performance Metrics for Evaluating EACs

May 1, 2023 Earned Value Management (EVM)

Evaluate the realism of an Estimate at Completion (EAC) in project management using the Cost Performance Index (CPI) and the TCPI.

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Benefits of an EVMS Self-Governance Process

April 6, 2023 EVMS

Contractors with a cognizant federal agency (CFA) approved or certified Earned Value Management System (EVMS) are expected to establish and execute an annual EVMS self-governance plan. Sometimes also called self-surveillance or self-assessment, the objective is the same. The contractor is responsible for establishing an internal process to ensure their EVMS, as implemented at the contract/project […]

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Maintaining a Credible Estimate at Completion (EAC)

March 7, 2023 Estimate at Completion (EAC)

Issues with a contractor’s estimate at completion (EAC) process is a common Earned Value Management System (EVMS) surveillance finding H&A earned value consultants are frequently asked to help resolve. The EAC process can become a major issue when the government customer lacks confidence in the contractor’s EAC data. Why does a credible EAC matter? EACs […]

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