Pinnacle Insights

In December 2019, the Project Management Institute (PMI) published a new ANSI standard for Earned Value Management (EVM). “Wait a minute!” you may be thinking, “Isn’t there already an ANSI EVM standard?” The answer is a bit complicated and can be explained with a bit of history.

An Integrated Baseline Review (IBR) is a joint customer/contractor activity walking through and assessing the Performance Measurement Baseline (PMB). IBRs are typically performed within a few months after a contract has been awarded, although they can be performed at any time, including pre-contract award.

At the annual CPM EVM World conference in Ft. Lauderdale, DCMA announced that the DECM (formerly EVAS) v3.3 metrics would be officially released on May 25th. I was able to get a sneak preview. There are 6 new metrics, mostly around making sure planning packages and SLPPs don't have actual start dates, as well as some other minor clarifications in the language. I've since held off on publishing this announcement because the metrics weren't published immediately, but they are available now at this link.

This year's EVM World event was held on May 22nd - 24th, 2019 at The Westin Hotel in Fort Lauderdale, FL. Workshop sessions this year reinforced the EVM World theme of "Maximizing Program & Performance Management Through Collaboration". 

At the beginning of February I attended the NDIA IPMD Winter 2019 meeting in Melbourne, FL. With many topics discussed, the EVMIG was one of much anticipation.

During the NDIA Integrated Program Management Division (IPMD) Winter Meeting in Melbourne, FL, Randy Steeno of NDIA discussed the updates contained in the EIA-748, Revision D, which was published by SAE on January 8th, 2019.

Update: August 26, 2024.
Please note that the article below refers to the implementation of a DFAR deviation implemented in 2017 that effectively changed the EVMS validation threshold for DOD cost-plus development contracts to $100M, while keeping EVMS reporting threshold at $20M. The 2024 NDAA directs the Dept of Defense to update the DFAR to raise the reporting threshold to $50M, and officially change the validation threshold to $100M. DFARs changes take a long time, and we will post additional information when changes are made.

At the most recent NDIA Integrated Program Management (IPM) Division Meeting, John McGregor, Director of Earned Value Management for OSD Performance Assessment & Root Cause Analysis (PARCA) took the stage to discuss the latest updates related to EVM threshold requirements for DoD contracts. During the presentation, John clarified that DoD Instruction 5000.02 is finalized, signed and in full affect, even though the document looks like it may be in draft form.

Many of our clients are looking to implement an Earned Value Management System (EVMS) to satisfy reporting requirements for EVM on US federal contracts (FAR 52.234-4, DFAR 252.234-7001, or equivalent), whether they have an existing requirement, or potential future requirement.