A correctly implemented Earned Value Management System (EVMS) will:
• Ensure better up-front planning by the contractor, leading to joint ownership of the Contract Performance Baseline, through an Integrated Baseline Review; and
• Provide the Commonwealth and company management with the same performance data that:
• reflects an objective measure of contract progress;
• aids in analysis of the future cost and schedule outcomes;
• aids in informed and timely decision making by providing early indication of possible problem areas; and
• allows management by exception by drawing management attention to critical variances from the plan.
