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Risk-Based Decision Model For Determining The Applicability Of An Earned Value Management System In Construction, Mark D. Workman
Risk-Based Decision Model For Determining The Applicability Of An Earned Value Management System In Construction, Mark D. Workman
Theses and Dissertations
New policy mandated by the Undersecretary of Defense for Acquisition, Technology and Logistics has lowered the dollar thresholds of contracts requiring earned value management (EVM). This policy directed that a "risk-based decision" be made to determine if EVM should be used on firm-fixed price contracts under $20 million. Although not previously applicable to Military Construction (MILCON) building projects or other Air Force Civil Engineer (CE) managed contracts, the new threshold requires that CE projects be evaluated for risk. Therefore, the focus of this research was to analyze the risk factors associated with construction contracts in an attempt to build a …