Many organizations today are implementing an Earned Value Management System (EVMS) and, for the majority of these companies, it is their first time doing so. Government standards have driven this demand by requiring organizations bidding on government contracts to embed cost management and earned value management principles, techniques and tools into their project delivery.
Earned Value Management Experience
Ten Six Consulting has extensive experience in implementing Earned Value Management Systems for government agencies and government contractors. We have worked with clients whose customers include the Department of Defense, Department of Energy, Department of Treasury, NIH, Department of State, US Coast Guard, NASA and many more, leading EVM implementations and certifications. We have also helped many clients resolve post certification review DRs to achieve certification.
Other consulting organizations that ‘specialize’ in implementing EVMS often deploy a one-size fits all approach, which for many, leaves the organization with an over-engineered and unwieldy system. We recognize and understand the major differences between meeting contractual government guidelines and standards, implementing on a single project basis, and undertaking a challenging, true enterprise deployment.
Whatever your business drivers or requirements are, there are many benefits to implementing an EVMS in addition to contract compliance, including improved accountability, a reduction in project risk and improved project delivery.
By combining advanced planning, baseline methods and earned value analysis, you will have better, earlier visibility into program performance than you would by utilizing non-integrated methods of planning and control.
EVMS Consulting and Training Services
Ten Six offers EVMS consulting and training services that cover every element of a successful implementation. So, wherever you are in your implementation, Ten Six seasoned consultants and trainers can help. Here are some of the key areas of an EVMS implementation that we can support you and your team with:
- Proposal Support
- EVMS Gap Analysis
- EVMS Design
- EVMS Implementation
- EVMS Training
- IBR Preparation & Review
- EVMS Compliance Assessment
- EVMS Staff Augmentation
Typical Program Manager Challenges
Are you a Program Manager struggling with some of these reasons offered by your organization, when implementing Earned Value Management in your project(s)?
- Too bureaucratic
- Too expensive to implement
- Too many people are required to administer an EVMS
- Special IT tool-sets are required
- The Baseline cannot be established early…development programs have too much uncertainty, let’s wait and see
- “This program is too small to need such an intrusive tool”
- “We’re only a small company and can’t afford this”
- “This program is too big…Earned Value is meaningless to us”
Those are some of the quoted reasons and often, there are other hidden issues that are not shared so readily. These include:
- The objectivity an EVMS provides leaves nowhere to hide
- We’ll have to do detail planning ahead of the game and are not willing to make that much effort
- EVM will reveal more details about actual costs than we want Internal or Customer Management to know
If you are experiencing these problems, then your EVM implementation is likely to fail. Clients we work with, come to recognize that:
- EVM is usually a large and complex undertaking and requires a team of people experienced in its implementation
- EVM will require organization change management as an integral part of the implementation
- It takes time to get it done right; there are few shortcuts
- The benefits of investing in the work required are substantial if EVM is implemented correctly
Where to Next?
Now that you understand the kinds of clients we work with and the approach we take when working with clients to manage EVM implementation, click on these links to find out more about our approach and thinking on serving Program Managers like yourself.
The successful implementation of an Earned Value Management System and the adoption of EVMS principles can result in better visibility of project/program performance, which gives you better control.
If you would like to learn how our consultants have helped other clients, call Ten Six today (703) 910-2600.
Learn More About Our Specific EVM Services
EVMS RFP Support: If you are responding to an RFP that has an EVMS requirement, then we can help!
EVMS Assessments: A Ten Six Assessment will help you enhance your best practice system and better prepare you for EVM compliance.
Earned Value Management Tool Selection: As an independent company, Ten Six enjoys the enviable position of being able to advise you on which tools will best suit your needs and your contract requirements.
Integrated Baseline Review (IBR) Preparation and Conduct: The Ten Six 5-Step IBR Process is a disciplined, proven process that ensures success.
EVM Certification Support: Ten Six can help get your team ready for your ANSI-748 EVM Certification Review.
Integrated Master Schedule (IMS) Health Check: Ten Six can perform IMP/IMS Health Metrics for a Program, or group of Programs, to help you develop, maintain and comply with government requirements.
Action Plan Development for Progress Assessment Reviews: Our expert guidance and assistance in developing and implementing an Action Plan that resolves Discrepancy Reports (DRs) in a time efficient manner.
Earned Value Data Analysis and Reporting: We provide guidance and education on being able to analysis EV data and read the Contract Performance Reports (CPR’s) to better understand how a project is currently performing.
EVMS Staff Augmentation: Finding the right people to run your Earned Value Management System (EVMS) is a huge challenge. We provide carefully selected staff who will be an asset to your business from the moment they arrive.