Earned Value Management

Earned Value Keeping Spend Levels in Sync

Hard Dollar Earned Value brings cost performance and schedule performance into a single unified view, providing a true picture of a projects value at any point in time, an ideal method of monitoring project status and the likelihood of success.

Designed for Owners, Contractors and Government Agencies Hard Dollar Earned Value keeps spend levels in sync with work accomplished while providing accurate forecasts. Eliminate inaccurate assumptions of work completion, and an out of sync budget against actual completion.   

Hard Dollar Earned Value meets all DOD, DOE, and Corporation of Engineering requirements, while meeting the demands of private owners in the Power and Plant process areas, as well as contractors for internal and external management.

The Four Keys of Earned Value Management (EVM)

Earned Value Management Highlights (EVMS System)

• Plan all work scope for the program from inception to completion.
• Break down scope into finite pieces that can be assigned to people and organizations.
• Integrate program work scope, schedule and cost objectives into a performance measurement baseline plan against which accomplishments may be measured. Controlling changes to the baseline.
• Use actual costs incurred and recorded in accomplishing the work performed.
• Objectively assess accomplishments at the work performance level.
• Analyze significant variances from the plan, forecast impacts, and prepare an estimate at completion based on performance to date and work to be performed.
• Utilize Earned Value information in the management processes.

Federal EVM Thresholds

Federal Acquisition Regulations require agencies to include Earned Value Management (EVM) in their projects and take a proactive approach to identifying high risk projects and show how these projects are performing with regard to the approved cost, schedule, and performance goals. These federal requirements define the government agency contract thresholds above which a contractor working with the federal government is required to institute an approved Earned Value Management system to measure and report the results of a project objectively as it progresses.

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