Solutions : Earned Value Management

Government contractors are on many new contracts required to manage and measure their IT projects using an Earned Value Management System (EVMS), per guidelines of ANSI-748. ANSI-748 lists 32 requirements for an EVMS. Many new RFPs hitting the street are listing EVM as a requirement, which means program managers are now being required to provide regular and consistent reports, so that the contracting agency can justify program and project expense and work progress, objectively per these requirements.

Government contractors who have deployed Microsoft Dynamics NAV from PVBS for their ERP, project accounting and financial management also need it to interface with both master scheduling and earned value management systems to achieve full compliance. PVBS has teamed with a number of Microsoft’s top certified project management solution providers to provide end-to-end master scheduling and EVM solutions that bring together the cost, schedule and technical performance data to provide the EVM reports they need.

PVBS offers a complete EVM offering in association with some top Microsoft Project Solution Providers and tool vendors, including PSG Government Consulting and Dekker, Ltd. Our government contractor customers can work with their agencies to ensure compliance with Earned Value Management Standards using familiar Microsoft Office System tools. Government contractors need to measure the health of their projects continuously throughout the project’s lifecycle, not just to ensure how it is performing to the budget, but also to reduce or eliminate any possible legal liability. Employing a sound EVM solution built on Microsoft Dynamics NAV and Microsoft’s Enterprise Project Management platform can lower project risk, enhance collaboration with customers, and ensure on-time, on-budget program delivery for your organization.

There are three components to an EVM solution: cost data, schedule data, and EVM reporting and analytics. Dynamics NAV provides the required cost information, which includes budgets, and all accounting costs such as direct costs, indirect costs, and material costs. With the built-in Dynamics NAV business intelligence and analytics reporting capabilities, companies can figure out project cost variance. Coupled with the project schedule and reporting capabilities offered by our partners, companies can quickly view and determine schedule variance, cost variance, and revised estimates of completion, in order to get troubled projects back on track, and returned to profitability. Management can then take proper action to ensure that the project meets government customer expectations and requirements.

The PSG Government Consulting EVM Solution and Dynamics NAV from PVBS

Click here for more information on our exceptional reporting capabilities.

Click here for your copy of the PVBS White Paper, Challenges Facing Fast-Growing Government Contractors.