DOD is stepping up its efforts to implement earned value management (EVM) as a “proven” tool to increase effective management of large, complex projects.  EVM systems – a continuous, integrated system that provides program managers with cost, schedule and work performance measures – are required government-wide through a rule that went into affect April 2006. Among the actions and responsibilities identified in a six page memo issued by Under Secretary of Defense for Acquisition, Technology and Logistics (1) the office will prepare DFARS changes to implement EVM policy (2) the Defense Contract Management Agency is to identify programs to have EVM and to ensure the EVM systems supplied by prime and sub-tier suppliers are adequate and (3) DCAA is to periodically review supplier accounting systems to assess compliance with EVM systems and to review contract performance records to determine accuracy and reliability of the financial data generated by the systems.

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