GovExec has a nice article about an AFCEA event at which Ed Meagher, CTO at the VA, and others give a reality check about the limits of performance-based contracting and earned value management. I especially like this quote:
“Earned value … is like being a Methodist,” Meagher said. “It’s a religion, it’s a good religion, it’s a wonderful religion. But we used to be Lutheran, we used to be ‘balanced score card.’ That was another religion.”