Wording has been inserted in numerous sections of the standard (such as comprehensive planning, schedule, management reserve) to emphasize the consideration of risks and opportunities. This section describes the components of Contract Target Price from the highest level to the lowest level of cost elements. It includes the same information that is taught in every basic earned value management seminar.Įmphasizes Risk and Opportunity management. Includes a new section about Budget Element Hierarchy. No changes have been made to the 32 EVMS Guidelines in Sections 2.1-2.5 of the standard. The changes are primarily clarifications of the existing text: Officials have been discussing the changes at recent industry conferences. Are you aware that a revision to Electronics Industry Association ( EIA) standard 748 Earned Value Management Systems, has been released? The new revision is EIA 748-C.
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