Earned Value Management

Gibbs & Cox has a fully compliant DCMA-certified Earned Value Management System (EVMS) (ANSI EIA 748) that we successfully implemented on the Littoral Combat System Program, which we employ on all projects where that level of rigorous status reporting is required.  For those projects where EVMS reporting is not required, Gibbs & Cox Program Managers still review project status and performance to schedule, cost and technical requirements regularly.  Program Managers also brief status to senior Corporate management on at least a monthly basis during formal Program Reviews. image001 Throughout project execution, Gibbs & Cox provides status reports as required by individual contract or task order to our clients.  Typical EVMS metrics include:

  • Budgeted Cost of Work Scheduled (BCWS)
  • Budgeted Cost of Work Performed (BCWP)
  • Actual Cost of Work Performed (ACWP)
  • Estimate to Complete (ETC)
  • Estimate at Completion (EAC)
  • Cost Performance Index (CPI)
  • Schedule Performance Index (SPI)

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