Parts 1 & 2 of our video series on Common Problems Found in EVM Systems and Recommended Corrective Actions are live. These videos review our popular blog series with the same name.
Subjects Covered in the videos:
Part 1
3:38 – Poor Variance Analysis and Reporting (VAR)
5:23 – Lack of Effective Subcontract Management
Read the blog post:
Common Problems Found in EVM Systems – Recommended Corrective Actions – Part 1
Part 2
0:26 – Poor Use of the Percent Complete Earned Value Technique
3:07 – Data Integrity Issues
5:01 – Poor Scope Language in the WBS Dictionary and/or Work Authorization Documents
Read the Blog:
Common Problems Found in EVM Systems – Recommended Corrective Actions – Part 2
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I am impressed with how much experience and practical knowledge captured in your videos. I would like to comment for the benefit of H&A that there is a relatively recent alignment in the subcontract management control when a System Prime Contractor will have a larger Subcontractor company as an integral part of their program. In such a case, which is more common with the consolidations and acquisitions of the 1990s, the larger defense companies acquired smaller “specialty houses”. The problem arises is a big way when the corporate policies and practices of the subcontractor do not integrate well with the Prime. Since both systems are validated a complex reconciliation must be out in place as soon as possible and the subcontractor’s DCMA should be included in all IBRs, Status meetings, and audits. This will preclude any misunderstandings in the surveillance effort and assist the Prime in meeting the Prime’s requirements.
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