A Cost-Benefit Analysis of Earned Value Management System Criteria

In December 1996, the Cost/Schedule Control Systems Criteria (C/SCSC) was officially replaced by the Earned Value Management Systems (EVMS) criteria. The switch to EVMS, coupled with current acquisition reform changes, have left many wondering what the effects of these changes will be. This thesis defines the costs and benefits of the old C/SCSC, and then compares them. Additionally, this thesis discusses the changes accompanying the switch to EVMS and the effect on the costs and benefits.The marginal costs of C/SCSC are defined as the difference between the costs of a C/SCSC-compliant system and a contractors 'normal' management control system.