Office of Management and Budget (OMB) Circular A-11, Supplement to Part 7, Capital Programming Guide – dated June 2015
The OMB Circular A-11, Part 7 requires that agencies use a performance-based acquisition management or earned value management system, based on the EIA-748, to obtain timely information regarding the progress of capital investments. Agencies are expected to achieve, on average, 90 percent of the cost, schedule and performance goals for major acquisitions. There is emphasis that the asset should be justified primarily by benefit-cost analysis, including life-cycle costs; that all costs are understood in advance; and that cost, schedule, and performance goals are identified that can be measured using an earned value management system.
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