The document discusses the integration of Earned Value Management Systems (EVMS) with advanced statistical techniques and big data analytics, specifically using the Autoregressive Integrated Moving Average (ARIMA) algorithm to enhance estimates at completion (EAC). It criticizes traditional EVMS practices for their limitations, emphasizing the need to analyze past performance data to better forecast future outcomes and identify drivers of cost variances. The paper proposes a framework for applying statistical processes to the existing data in EVMS, ultimately aiming to improve decision-making and project performance tracking.