Analyzing Stability of Estimates at Completion
programs (including NATO defense programs) and areas of private sector application. EVM is utilized by procurement officials in a multitude of countries such as Australia, Brazil, Belgium, Japan, Spain, and Sweden (Antvik, 2002; Ibrahim et al., 2019; Marshall et al., 2008; Vanhoucke, 2017). EVM is also used in myriad industries from construction to software development (Bhosekar & Vyas, 2012; De Marco & Narbaev, 2013). Therefore, while the analysis is limited to U.S. defense programs, the insights gained may be valuable to other countries and industries. Lastly, it should be noted that the analysis for this study was limited due to the amount of data available for long duration development efforts. At the time this study was conducted, several efforts that could be analyzed once completed were in progress. Future research on this topic is recommended once more data become available. With more data available in the future, different approaches to the methodology can be utilized to analyze the data further through
statistical modeling techniques such as regression (Tracy & White, 2011) and growth models (Poulos & White, 2010).
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Defense ARJ , Spring 2025, Vol. 32 No. 1
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