Earned Value Management (EVM) is a program
management technique that integrates technical performance
requirements, resource planning, with schedules, while
taking risk into consideration. The major objectives
of applying earned value to a contract is to encourage
the use of effective internal technical, cost and schedule
management control systems, and to permit the customer
to rely on timely data produced by those systems for
better management insight. This data is in turn used
for determining product-oriented contract status, and
projecting future performance based on trends to date.
In addition, EVM allows better and more effective management
decision making to minimize adverse impacts to the project.
Omega Security International, LLC can help agencies understand
the underlying concept of EVM and how to make their
projects more efficient and effective for timely completion
of project milestones. |
