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Improved Project Cost and Schedule Performance

• Expedites funding if the team meets its schedules as planned

• Saves Money when schedules are adhered to and/or fewer Resources are needed

Improved (i.e., lower) IR&D (Independent R&D) costs = more discretionary spending for S&M (Selling and Marketing) and BD (Business Development – including proposal development)

• Win more contracts due to reputation for improved Planning, Execution and Reporting
• More predictable CLIN (Contract Line-Item Number) funding
  • Most are tied to specific project Milestone completions, and if done on time it helps with organizational financial planning
• Higher likelihood of earning subjective contract Award Fees (if part of contract(s))
  • Subjective, yet worth it to customer to award when Projects perform well

• Project Related
  • Ease of Use (via Wizards) lowers Support needs/costs
  • Automated Reporting, Data Analytics and Graphics
  • Complex Metrics (SRA and EVM) Readily Available
  • Lower Training and Support Costs
  • Automated Roll-ups (Saves a ton of time)
  • Fewer team meetings
  • Better Subcontractor Management (especially if Subs are required to use Chrono as well – easily integrated and reported on).
  • EVMS is traditionally very manpower-intensive and expensive to implement – rule is for all Contracts and Subcontracts over $20M (exemption is for Small Businesses, due to high traditional costs of EVMS) – these expenses come way down, and maybe now can be implemented without Small Business exemptions.
  • Many companies pay outside consultants to help with EVMS implementation.