Earned-Value Management at Ardent Principles
With the constant pressure of justifying program and project spending and avoiding costly overruns, the government has expanded its use of Earned-Value Management (EVM). The EVM construct enables powerful insights to the causes and effects of project changes by analyzing the project to identify trends and synergies, and to map project execution plans designed to mitigate risks. Ardent ensures interconnections among key project management processes to enhance information sharing.
THE ARDENT PRINCIPLES APPROACH
Our approach is compliant with the Office of Management and Budget’s requirements to use EVM for major projects, including those involving major information technology systems. In addition, Ardent Principles follows the ANSI/EIA Standard for implementing EVM on programs and projects.
ESTABLISHING AND OPERATING AN EARNED VALUE MANAGEMENT SYSTEM
Our approach includes the following key project management elements:
- A planned, approved scope for the full system development lifecycle
- A breakdown of project scope, dividing elements into manageable pieces of work for optimal adherence to technical, schedule, and cost objectives
- The integration of project scope, schedule, dependencies, and cost objectives into a performance management baseline plan against which accomplishments can be measured
- Controlled changes to the baseline
- A record of actual costs incurred and recorded to develop and assess cost metrics
- Analysis of significant variances from the baseline, and forecasting
