Information Technology: Agencies Need to Improve the Implementation and Use of Earned Value Techniques to Help Manage Major System Acquisitions
DIANE Publishing, 2010 - 85 pages
In FY 2009, the fed. gov┐t. planned to spend $71 billion on information technology (IT) investments. To more effectively manage such investments, agencies were directed to implement earned value management (EVM). EVM is a project management approach that provides objective reports of project status, produces early warning signs of impending schedule delays and cost overruns, and provides unbiased estimates of anticipated costs at completion. This report assessed selected agencies' EVM policies, determined whether they are adequately using EVM techniques to manage key system acquisitions, and evaluated selected investments' EVM data to determine their cost and schedule performances. Charts and tables.
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Aeronautics and Space analysis of Department Analyze EVM performance ANSI baseline as changes breakdown structure comprehensive EVM system cost and schedule cost overruns Cumulative cost variance Data Analysis data for decision-making data resulting Define the scope Department of Defense Determine objective measure Develop the performance earned value data Earned Value Management Ensure Establish a comprehensive estimates at completion EVM performance data EVM policies EVM system Define Farm Service Agency Federal Aviation Administration Forecast estimates GAO analysis GAO assessment Establish GAO EV Data GAO EVM Practice Implementation of Earned implementing EVM including management reserve Information Technology integrated baseline review JWST Key practice GAO Lockheed Martin Mars Science Laboratory measure of earned measurement baseline plan mitigate risks National Aeronautics negative cost performance measurement baseline plan and record practice GAO assessment Program management area program management team Rebaselines record all costs record variances system are reliable Take management action Update the performance Veterans Affairs