Earned Value Management System Sample Clauses
The Earned Value Management System (EVMS) clause establishes requirements for contractors to implement a standardized project management system that integrates cost, schedule, and technical performance data. In practice, this clause mandates the use of specific processes and tools to track project progress, measure actual performance against planned objectives, and report on variances. By requiring EVMS, the clause ensures that both parties have a clear, objective method for monitoring project health and identifying issues early, thereby improving project control and reducing the risk of cost overruns or schedule delays.
Earned Value Management System. An earned value management system (EVMS) means a project management tool that effectively integrates the project scope of work with cost, schedule and performance elements for optimum project planning and control. The qualities and operating characteristics of EVMS are described in American National Standards Institute /Electronics Industries Alliance (ANSI/EIA) Standard-748. An EVMS is not mandatory; however, Contractors are encouraged to have an EVMS ANSI/EIA Standard-748 during the entire term of OASIS. The Contractor shall notify the OASIS CO, in writing, if there are any changes in the status of their EVMS and provide the reasons for the change and copies of audits by the Defense Contract Management Agency (DCMA) or other cognizant Government administration office, as applicable. If only part of a Contractor’s organization is EVMS ANSI/EIA Standard-748 certified, the Contractor shall make the distinction between which business units or sites and geographic locations have been certified.
Earned Value Management System. When Earned Value Management (EVM) is determined to be applicable to an individual Order, the provisions and clause FAR 52.234-2, 52.234-3, 52.234-4 applies. (Refer to Section H.1)
Earned Value Management System. Government and industry program managers use EVMS to assess cost, schedule and technical progress on programs and to support proactive decision-making. An EVMS is a system for project management that effectively integrates the project scope of work with cost, schedule, and performance elements for optimum project planning and control. EVMS guidelines are contained in the Electronic Industries Alliance Standard 748 (EIA-748). Acceptability of a Contractor’s EVMS is determined by the Contractor’s cognizant DCMA or CFA CO. Acceptable documentation may include current and valid Advance Agreements or Letters of Acceptance from the Contractor’s cognizant DCMA or CFA CO.
Earned Value Management System. The Offeror shall describe their in-house financial management system (i.e., Earned Value Management System (EVMS) or equivalent) it will employ to help the ONR Program Officer measure the performance and effect corrective actions as needed for each of the tasks. This system must be capable of accurately tracking expenditures, analyzing the expenditure of funds in light of work accomplished and quantifying technical problems in terms of cost and schedule. Favorable and unfavorable cost and/or schedule variances that exceed +/- 20% shall be identified and reported along with proposed corrective actions. This does not need to be a complex EVMS. It is intended to provide a simple means of correlating technical progress to budget progress.
Earned Value Management System. H.30 Labor Subject to the ▇▇▇▇▇-▇▇▇▇▇ Act & the Service Contract Act H.31 Non-Personal Services 17 H.32 Electronic Products Environmental Assessment Tool 18 2
Earned Value Management System