FAR Subpart 34.2 Earned Value Management System – dated May 2025
This FAR subpart states the federal policy that an Earned Value Management System (EVMS) is required for major acquisitions for development in accordance with OMB Circular A-11. It also discusses the requirements to submit monthly EVMS reports, flowing down EVMS requirements to subcontractors, conducting Integrated Baseline Reviews (IBRs), and lists the applicable contract clause (FAR 52.234-4).
Agencies have the option of defining their EVMS requirements with agency supplements to the FAR with specific instructions, orders, and guides in accordance with the OMB Circular A-11. Agencies with supplemental guidance include DoD, DOE, NASA, and HHS. Agencies without supplemental guidance reference this FAR subpart and the related FAR solicitation or contract clause.
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