(1) The application of earned value management is optional at the discretion of the program/project manager and is a risk-based decision that must be supported by a cost/benefit analysis and
(c) For cost or incentive contracts and subcontracts valued at less than $20 million.
(b) For cost or incentive contracts and subcontracts valued at $50 million or more, the contractor shall have an earned value management system that has been determined by the cognizant Federal agency to be in compliance with the guidelines in ANSI/EIA-748. (a) For cost or incentive contracts and subcontracts valued at $20 million or more, the contractor’s earned value management system shall comply with the guidelines in the American National Standards Institute/Electronic Industries Alliance Standard 748, Earned Value Management Systems (ANSI/EIA-748). The Department of Health and Human Services applies the earned value management system requirement as follows: Subpart 334.2-Earned Value Management System 334.201 Policy. 334.202 Integrated Baseline Reviews (IBRs).Īuthority: 5 U.S.C.Subpart 334.2-Earned Value Management System (SUBCHAPTER F-SPECIAL CATEGORIES OF CONTRACTING) Subpart 313.3-Simplified Acquisition Methods.Part 370-Special Programs Affecting Acquisition.Part 352-Solicitation Provisions and Contract Clauses.Part 339-Acquisition of Information Technology.Part 336-Construction and Architect-Engineer Contracts.Part 335-Research and Development Contracting.Part 333-Protests, Disputes, and Appeals.Part 331-Contract Cost Principles and Procedures.Part 324-Protection of Privacy and Freedom of Information.Part 323-Renewable Energy Technologies, Occupational Safety.Part 322-Application of Labor Laws to Government Acquisitions.Part 312-Acquisition of Commercial Items.Part 308-Required Sources of Supplies and Services.Part 303-Improper Business Practices and Personal Conflicts of Interest.Part 302-Definitions of Words and Terms.Part 301-HHS Acquisition Regulation System.HHS Acquisition Regulations has sub items, about HHS Acquisition Regulations.Incorporate Earned Value Management in the project decision-making and review processes.Left Nav: /grants/contracts/contract-policies-regulations/hhsar Analyze significant variances from the plan, forecast impacts, and prepare an estimate at completion based on performance to date and work to be performed.ħ. Objectively assess accomplishments at the work performance level.Ħ. Use actual costs incurred and recorded in accomplishing the work performed.ĥ.
Integrate project work scope, schedule, and cost objectives into a performance measurement baseline plan against which accomplishments may be measured. Break down the project work scope into finite pieces that can be assigned to a responsible person or organization for control of technical schedule and cost objectives.ģ. Plan all work scope for the project to completionĢ. Both the Department of Defense (DOD) and the Office of Management and Budget (OMB) use this as the benchmark standard.ġ. The American National Standards Institute (ANSI)/Electronic Industries Alliance (EIA) 748-A Standard provides a set of best business practices for establishing and applying an integrated management system with coordination of work scope, schedule, and cost objectives and application of earned value methods for program or enterprise planning and control. xpdOffice’s services solutions reduce costs and schedule risk, improve quality, and increase your organization’s performance.
#EVM ANSI 748 STANDARD SOFTWARE#
XpdOffice is project management software dedicated to providing Earned Value Management (EVM) to the U.S. OMB also intends to include the ANSI 748-A Standard in the Federal Acquisition Regulation (FAR) for all firm-fixed-price and cost-plus contracts. The Office of Management and Budget (OMB) requires an ANSI 748-A compliant EVMS to achieve and maintain a “green” level of performance. This standard is often cited in procurement documents, statements of work, and government policy guidance when an organization seeks to require robust Earned Value management. Compliance is now critical to every government agency, contractor, and subcontractor if they want to conduct business in the public sector.ĪNSI Standard 748 is the established Industry Guideline for Earned Value Management Systems. Compliance with Earned Value Management (EVM) requirements is no longer limited to the Department of Defense (DOD).
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