What does contractor compliance with the Electronic Industries Alliance Standard

Question

What does contractor compliance with the Electronic Industries Alliance Standard 748 (EIA-748) Earned Value Management System (EVMS) guidelines require? 1) Changes to the Performance Measurement Baseline are incorporated at least 6 months after work starts on the change effort. 2) Retroactive changes are allowed to adjust for excessive cost on schedule variences. 3) Changes to the performance measurement baseline (PMB) are carefully tracked and controlled. 4) Budget changes are made independently of scheduling changes.

Explanation / Answer

The performance measurement baseline is the total time phased budget for the program established at the control account level and it changes as the program plans are revised. But the changes should be carefully tracked and maintained to prevent performance measurement against an outdated plan as per the guidelines of EVMS.

Hence the answer is option 3; Changes to the performance measurement baseline (PMB) are carefully tracked and controlled.

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