FAA Acquisition Management System Guide, Earned Value Management Guide – dated March 2012
This Guide provides specific implementation guidance to program managers and contracting officers regarding the application of EVM to FAA programs and contracts. It also provides other FAA personnel with a further understanding of the application of the EVM concepts.
This Guide includes discussion of EVM implementation on FAA programs/contracts including basic features of an EVM System, EVM implementation, and pre and post-award activities. Also included is the process for EVM System acceptance.
For major contracts and subcontracts greater than $10M for development/modernization/enhancement work, the contract must be managed by an EVMS. A Contract Performance Report (CPR) and Integrated Master Schedule (IMS) are also required but they may be tailored in accordance with their respective Data Item Descriptions. These contracts must also meet the requirements of EIA-748 and IBRs are performed to assure the adequacy of planning.
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