TechAmerica has just released the new EIA 748C, “Earned Value Management Systems.” The standard describes the Earned Value Management System (EVMS), a tool for scheduling budget and tracking expenses. The new 36-page Revision C is the first update since Revision B in June of 2007.
Processes included in EIA 748 are:
- the integration of program scope, schedule, and cost objectives,
- the establishment of a baseline plan for accomplishment of program objectives, and
- the use of earned value techniques for performance measurement during the execution of a program.
These processes allow for the establishment and application of an integrated program management system that brings together the elements of the work scope, scheduling, and cost objectives. The method is a system of “earned value” established during the planning phase and tracked during the execution (control) phase of a project.
EIA was an umbrella organization for a number of electronic industry associations that ceased to exist in 2011. TechAmerica is now responsible for the EIA standards that were generated by GEIA, the Government Electronics and Information Technology Association. All of this series of the EIA standard are available from Document Center’s Webstore, www.document-center.com, in both paper and pdf format.
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