The Department of Transportation inspector general has announced an investigation into the effectiveness of the department’s earned value management practices
That’s a management approach designed to provide objective reports of investment status, produce early warning signs of schedule delays and cost overruns, and provide unbiased estimates of an investment’s total costs.
The IG contracted with public accounting firm KPMG to perform the audit under the IG’s oversight. The audit will seek to assess whether DoT has implemented effective EVM policies, procedures and practices for its IT investments and uses accurate EVM data to plan, monitor, and report the status of its IT investments and related security spending.
