EVMS Services for Biotech Industry
Recently there has been an increase in the requirement for Earned Value Management to be used on Biotech projects and contracts. HHS, BARDA, DoD, CDC and others have added EVM as a requirement for doing business with Federal agencies.
Pinnacle has been working with Biotechs for the past 10 years to help them satisfy their EVM requirements and improve their Project Management capabilities.
Pinnacle has provided Biotech’s with the following EVM services:
- Responding to RFPs with EVMS requirements
- Preparation for Biotech Program Integrated Baseline Reviews (IBR’s)
- Earned Value Management System Descriptions and Process development
- EVMS Software selection and integration
- EVMS Validation through DCMA
- EVM Training and Coaching
We have worked with a number of different client roles when implementing Project Management and EVM for our Biotech clients. These include: the Product development team (Senior Scientists, Product Managers, Control Account managers) and other key roles (CFO, PMOs, Business Managers, Regulatory affairs, Contracts, IT etc.)
Program Baseline and Integrated Baseline Review preparation
Pinnacle has successfully guided Biotech firms through the process of getting program baselines in place and preparing for Integrated Baseline Reviews . We assist and guide your team members in the production of EVM program deliverables, and we also coach and mentor in preparation for the IBR. This serves as excellent training for your team and as input into the process development for standing up the EVMS.We have produced these types of EVM deliverables for our Biotech clients in preparing program baselines and preparation for the IBR:
- Statement of Scope and Deliverables
- Technical Approach
- Organization of Resources
- Program Work Breakdown Structure and Dictionary
- Integrated Master Plan (IMP)
- Integrated Master Schedule(IMS)
- Control Account Plans
- Program Budget
- Quantified Risk Assessment (including a Risk Budget)
- Management Controls (to meet cost, performance, and schedule requirements throughout the contract)EVMS Implementation and Validation
In Biotech EVM implementations Pinnacle typically starts with a quick preliminary requirements analysis and client readiness assessment to adopt EVMS. Our goal is to define a realistic Roadmap ensuring success and adoption of your EVMS.
We often recommend a 3-pronged Roadmap to reduce risk and ensure a successful implementation.
- The Pinnacle team works with the Biotech company to develop an effective EVMS process, suited to the needs of its projects, organization and the ANSI 748 criteria.
- We help select a set of PM and EVMS tools and implement and configure the new tools into their environment.
- We develop and deliver a tailored training program for the Biotech company staff in the new EVMS processes and tools .
EVM tools implemented for Biotech
In Biotech EVMS implementations to date we have used the following products :
- Microsoft Project for project planning and scheduling
- Update forProject from forProject Technologies which provides a workflow for collecting status updates from CAMs
- Deltek Cobra for Earned Value data management
- Deltek wInsight for EVM data analysis and reporting
- Deltek MPM
- Deltek CostPoint
Our experience in other industries covers a number of other EVM, EPM and PPM tools.
Benefits to our Biotech Clients.
With help from the Pinnacle team, our Biotech clients have successfully implemented their EVM Systems and had those systems Validated by DCMA or Cognizant Federal Agencies.
They have passed their IBRs and their Product Team members now have immediate visibility into the performance of their Control Accounts and can identify variances that might indicate potential problems. Senior management has overall visibility into project cost/schedule performance and can use the EV metrics to focus attention on the most critical areas. Our Biotech Clients have earned the confidence of their Government customers and now have the EVM foundation in place to compete and win future government business.
If you are in the Biotech industry and are looking for advice and services in the area of Earned Value and Project Management, please call us now or contact us using the form on this page.