<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=953018&amp;fmt=gif">

DoD Cost and Software Data Reporting (CSDR) FlexFile Requirements

If your company has DoD contracts, did you know that beginning on May 15, 2019, the default cost reporting formats for Cost and Software Data Reporting (CSDR) is the Cost and Hour Report or FlexFile?  

Continue Reading

Do You Really Need EVM Software to Manage Your Projects?

What percentage of your projects have earned value management system (EVMS) requirements?  For a typical company with government contracts, roughly 80 percent of their projects are below the threshold for EVMS compliance reviews ($100M) or reporting ($20M).  These smaller projects are often cost incentive or firm fixed price contracts, that when taken a whole, are equally important to the company’s bottom line.  How are you maintaining management visibility and control into that portfolio of projects to ensure project objectives and profit margins are met?

Continue Reading

Using Excel for Project Cost Management?

Our clients are often stepping up from Excel to BOEMax, our proposal management software because BOEMax provides a better, faster, and easier way to produce a reliable data-driven cost estimate. Helping them implement BOEMax to support their proposal process, we frequently discover they are using Excel to manage their project cost data for the execution phase with varying degrees of success.

Continue Reading

Why Estimates at Completion Matter

One of the process areas we frequently help our clients with is establishing time-phased estimate to complete (ETC) data to be able to produce credible estimates at completion (EACs) during the execution phase of a project. The intent of the ETC data is to provide a realistic plan to complete the remaining work. Adding the cumulative to date actual costs to the estimate to complete provides an indication of the likely total expenditures for the project – the estimate at completion. The EAC is compared to the budget at completion (BAC) at the various levels of detail to identify and analyze areas of concern.

Continue Reading