Question: It has been said that Earned Value Management (EVM) came about because the federal government often used cost-plus contractors with project organizations. Cost-plus contracting allows

It has been said that Earned Value Management (EVM) came about because the federal government often used “cost-plus” contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulated profit from these contracts. Why would requiring contractor firms to employ Earned Value Management help the government hold the line against project cost overruns?

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