An Earned Value Management System (EVMS) refers to the software, processes, tools, templates and management controls a contractor uses to accomplish their earned value management activities in accordance with the guidelines established by the Electronics Industry Alliance (EIA) Standard 748. Earned Value Management Systems (EVMS) is the standard for DoD (Department of Defense) Earned Value Management System Programs and Defense Federal Acquisition Regulation Supplement (DFARS) 252.234-7001 Notice of Earned Value Management System.
In this fifth episode of Cherry Bekaert’s podcast series on each of the six Contractor Business Systems, Brendan Halloran, a Director in Cherry Bekaert’s Government Contracting Industry practice who was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), and John Bula, a Manager in the Firm’s GovCon practice, discuss the requirements for a Contractor EVMS, when it is required and what it entails.
Listen in to find out about:
- What is an Earned Value Management System
- What is being seen in solicitations and RFPs
- EVMS requirements and key components
- DCMA EVMS guidelines, surveillances and reviews
- Processes, documentation, metrics and reporting
- Benefits in having an EVMS system in place
- EVMS Best practices
If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you.
Cherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.
If you haven’t already, catch up on other parts of the series:
- Contractor Business Systems Series: Part 1 – Applicability
- Contractor Business Systems Series: Part 2 – Accounting System
- Contractor Business Systems Series: Part 3 – Cost Estimating System Requirements
- Contractor Business Systems Series: Part 4 – Purchasing System
- Contractor Business Systems Series: Part 6 – Property Management System
- Contractor Business Systems Series: Part 7 – Material Management and Accounting System
- Contractor Business Systems Series: Part 8 – Navigating Business Systems Audits and Reviews
- Contractor Business Systems Series: Part 9 – Navigating Review and Audit Findings
View All Government Contracting Podcasts
