Office of Management and Budget (OMB) Circular A-11, Preparation, Submission, and Execution of the Budget - dated August 2023

Within the OMB Circular A-11, there is a Supplement to Part 7, the Capital Programming Guide, that requires agencies to use a performance-based acquisition management or earned value management system (EVMS), based on the EIA-748 EVMS Standard, to obtain timely information regarding the progress of capital investments. Agencies are expected to achieve, on average, 90 percent of the cost, schedule and performance goals for major acquisitions. The Guide emphasizes the asset should be justified primarily by benefit-cost analysis, including life-cycle costs; all costs are understood in advance; and that cost, schedule, and performance goals are identified that can be measured using an EVMS. The Guide is the source for all government acquisition requirements for an EVMS. All federal and agency specific acquisition requirements reference the OMB Circular A-11.

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