Tailoring EVMS Tools for Projects under $50M

Abstract

The Earned Value Management System (EVMS) Tailoring Guide for Projects Under $\$$50M is designed for U.S. Department of Energy (DOE) cost-reimbursed projects less than $50M where full EVMS is not required per DOE Order 413.3B but is applicable to all projects below a mandated compliant EVMS requirement. The guide provides an inventory of tools and rules typically used as part of a fully compliant EVMS. The ranking employed in this guide identifies key foundational tools, as well as identifying opportunities for tailoring based upon project size or risk. The goal is to provide guidance for companies to establish enterprise level tools that provide meaningful performance data as efficiently as possible.