Contractor Business Systems Series: Part 5 – Earned Value Management System

An Earned Value Management System (EVMS) refers to the software, processes, tools, templates and management controls a contractor uses to accomplish their earned value management activities in accordance with the guidelines established by the Electronics Industry Alliance (EIA) Standard 748. Earned Value Management Systems (EVMS) is the standard for DoD (Department of Defense) Earned Value Management System Programs and Defense Federal Acquisition Regulation Supplement (DFARS) 252.234-7001 Notice of Earned Value Management System.

In this fifth episode of Cherry Bekaert’s podcast series on each of the six Contractor Business Systems, Brendan Halloran, a Director in Cherry Bekaert’s Government Contracting Industry practice who was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), and John Bula, a Manager in the Firm’s GovCon practice, discuss the requirements for a Contractor EVMS, when it is required and what it entails.

Listen in to find out about:

  • What is an Earned Value Management System
  • What is being seen in solicitations and RFPs
  • EVMS requirements and key components
  • DCMA EVMS guidelines, surveillances and reviews
  • Processes, documentation, metrics and reporting
  • Benefits in having an EVMS system in place
  • EVMS Best practices

If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you. 

Cherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.

Connect With Us

If you haven’t already, catch up on other parts of the series:

 

View All Government Contracting Podcasts

 

Brendan Halloran

Government Contractor Services

Director, Cherry Bekaert Advisory LLC

Past Episodes

Podcast

November 19, 2024

18:36

Speakers: Lynnette Leidwinger, Brendan Halloran

Explore key subcontracting insights, including compliance reviews, teaming arrangements, and hiring tips for government contractors.

Podcast

November 14, 2024

22:36

Speakers: Michael G. Cippel, Irwin Kaplan

Discover year-end planning essentials for government contractors, including contractor waterfall insights, cash forecasting & monthly performance tracking.

Podcast

November 11, 2024

20:43

Speakers: Sarah McGregor, Brooks E. Nelson, Mark Giallonardo

Learn how to claim disaster losses and defer casualty gains under IRS rules. Explore relief measures for individuals and businesses affected by disasters.