• The How-to Guide for Adopting Model Based Definition (MBD) reveals advice and best practices for implementing MBD.  The guide explains why 89% of companies are happy they made the transition and benefits they enjoy as a result. The hardest part of adopting MBD is overcoming the cultural resistance to change. The guide identifies what other companies have done to make the adoption of MBD a success, both internally and with suppliers.This eBook is one in a series of three:Transitioning from 2D CAD to 3D CAD Migrating from 3D CAD to a new 3D CAD Adopting model-based definition (MBD)Please … [ read more ]

    The How-to Guide for Adopting Model Based Definition (MBD) (eBook, survey findings)
  • How do leading manufacturers use cloud software to support product innovation, product development, engineering, and manufacturing?Please share your experience, thoughts, and lessons learned in this new survey on cloud software for product innovation and manufacturing.If you already completed the survey  –> please share with a colleague or on social media using the “Share/Save” buttons above. If you haven’t taken the survey  –> please: CLICK HERE TO TAKE THE SURVEY NOW!Complete the survey and receive a free copy of the final report. In addition, 25 *eligible respondents will … [ read more ]

    Cloud for PLM and Manufacturing (survey invite)
  • This infographic shares survey results about quality and cost management in the Consumer Packaged Goods industry. It visually communicates the results of our research that shows how Top Performing CPG companies are able to achieve better quality and better cost of quality, without trading one for the other. The research shares the methods these leading companies employ, including automation, integration, and a more holistic approach to managing quality.To learn more, please:View the full Stop Choosing Between Cost and Quality in CPG infographic from our sponsor Dassault Systèmes BIOVIA (free or … [ read more ]

    Choosing Cost versus Quality in CPG (infographic)
  • Jim Brown contributed a guest post, Innovation Platforms - the Operating System for the Digital Enterprise, on the value of innovation platforms published in the Dassault Systèmes' Navigate the Future blog. The post shares the value an integrated platform of solutions provides to engineers, the enterprise, and toward achieving digital transformation. The post also covers some basis of the innovation platform from people, process, and technology perspectives.Read the post now (free of charge, no registration required).   … [ read more ]

    Innovation Platforms are the Operating Systems for the Digital Enterprise (guest post)
  • Please join Tech-Clarity's Michelle Boucher, Mark Turner from Alcon Labs, and Swapan Jha from PTC on Tuesday September 12, 2017 for a discussion on the right software solution for medical device engineering. The discussion will feature an interactive discussion between the panelists coving topics such as:Challenges facing medical device manufacturers. Why to consider the complete product lifecycle with respect to:Managing product and requirements. Transitioning from document to product centric approaches. Enabling smart and connected products.The best selection criteria for … [ read more ]

    Selecting the Right PLM Software for Medical Device Engineering (webcast)

Reducing Program Risk with EVM

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EVM-thumbReducing Program Risk with Earned Value Management explores the business value of Earned Value Management (EVM) processes and tools and how they can streamline program execution and drive down risk. The eBook shares a brief overview of EVM in business terms and shares how EVM helps companies gain control of programs, monitor and correct program health, boost visibility and management oversight, and demonstrate program control to customers. The eBook also shares how companies can leverage PLM to file the gap most companies have in creating an Earned Value Management (EVMS) system.

Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required).

For the full report, please visit our sponsor Dassault Systèmes (free of charge, registration required).

Why Earned Value Management?

EVM-FrameworkLarge programs are notoriously difficult to deliver on time and on budget. But expectations are high on program managers and program management offices (PMOs) even in the face of increased complexity from multi-discipline initiatives, intense budget scrutiny, and globally dispersed supply chains. Earned Value Management (EVM) helps reduce risk on high cost, high risk, time-sensitive programs. It improves a program’s odds for success and provides accountability and traceability into cost and schedule variances. It adds a new level of control, oversight, discipline, and rigor to program management to prevent cost overruns, missed scheduled milestones, and late delivery dates.

EVM improves program management by eliminating subjectivity. The approach lets program managers factually quantify program spending and progress. It provides a mechanism to identify and mitigate issues early before things get too far off track. It also offers a standard, proven way for customers and program sponsors to audit progress to gain confidence that the programs they’re funding are on track. Many companies choose to adopt EVM to improve program success. Others are required to use EVM for specific customers, contract types, and contract values or may need to demonstrate earned value to justify billing. Either way, EVM adds value and improves confidence in program delivery.

DCMA_ShieldCompliance with ANSI/EIA-748 is required for DoD cost or incentive type contracts valued at or greater than $20 million. For cost or incentive type contracts valued at or greater than $50 million, compliance with the management attributes of the ANSI/EIA-748 32 GLs is demonstrated through a formal EVMS validation process. – Defense Contract Management Agency Instruction 208

 

Conclusion and Recommendations

EVM helps mitigate program schedule and budget risk. It helps companies manage large, complex, time-sensitive, risky programs. Further, it’s required to do business in some industries. EVM provides control, connects program data, helps monitor and correct program health, provides visibility to improve management insight, and demonstrates control to customers to increase their confidence.

EVM requires an organizational and systems investment. Today’s advanced PLM systems provide an opportunity to extend existing infrastructure to connect disparate program information from schedule and cost systems, calculate EVM, and provide management insights in context with products and programs.

Based on industry experience and research for this report, Tech-Clarity offers the following recommendations:

  • Leverage PLM as the backbone for the EVMS, connecting EVM with programs and program deliverables.
  • Look for solutions that already incorporate the right data model, processes, and algorithms. There is no need to create this from scratch.
  • Look for a solution that offers flexibility to extend reporting and processes to accommodate additional customer or management needs.

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