IPM for Government Contractors
Today's Government programs are more difficult to manage than ever. Government Contractors are expected to deliver high quality programs while navigating multiple challenges like doing more with less, compliance requirements like EVM and inconsistent project management processes. All of it together could easily add up to failure.
10% is the point of no return. Once a program is more than 15% complete and more than 10% over budget or behind schedule:
- The program becomes irrecoverable.
- The final cost variance (in dollars or as a percentage) will be worse than the cost variance at the 20 percent completion point.
That's why EVM is mandatory for most Government Agency Contracts from $5 M+ and expanding further into smaller Agency contracts. And, this is why controlling your costs, schedules and resources is critical.
So What? If a Government Contractor fails to adequately report on the contracts requirements, the impacts can be devastating and include:
- Delay
- Audits
- Decertification
- Fines
- Stock Impact
Real Life Impacts
August 2007
“The FBI case management system program uncovered EVM reporting discrepancies in the amount of $4.4 million resulting in frozen payments until corrective action was implemented.”
Source: US Department of Justice
There is a Solution. Deltek offers a suite of Integrated Program Management solutions designed to help Government Contractors manage cost, schedules, resources and EVM requirements providing increased visibility, early warning indicators and more control over your programs. And, our solutions easily integrate with other third-party project management systems for greater flexibility.
Contact us to find out more or attend one of our live weekly demonstrations.