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Cora’s Earned Value Management (EVM) capability empowers program managers in government contracting with tools to assess project performance. Compare planned costs and schedules with actual outcomes, ensuring compliance, transparency, and accurate decision-making across complex programs.
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The platform delivers a fully integrated enterprise platform where EVM is embedded in all project management processes. By combining EVM with other capabilities, program managers generate fact-based forecasts governed by industry-standard methodologies, ensuring a single source of objective truth for cost and schedule performance across programs.
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The platform provides program managers and control account managers with a powerful workbench that integrates scheduling and cost management. Real-time tracking ensures financial accuracy and transparency, allowing users to measure actual costs against budgeted and planned expenditures, improving forecasting, and strengthening compliance with government contracting requirements.
The solution supports all EVT methodologies outlined in the DoD Earned Value Management System Interpretation Guide (EVMSIG) and NDIA EIA-748-D Intent Guide. This ensures compliance with Defense Contract Management Agency (DCMA) standards while providing structured methodologies for measuring and reporting earned value performance.
The system calculates Earned Value % Complete using industry-standard EVT methodologies. The system automatically applies the appropriate rules, displaying EV% directly in the Gantt. This allows project and control account managers to track progress accurately, maintain compliance, and strengthen stakeholder confidence in project reporting.
By integrating financial data from ERP systems, the solution provides a single, real-time view of budgets, forecasts, and EACs. Risk and uncertainty factors are incorporated into cost projections, delivering accurate insights for proactive risk management, resource optimization, and improved financial decision-making across large-scale programs.
The platform’s EVM-compliant baseline change control functionality enables users to model and assess project changes before implementation. Program managers can evaluate potential impacts on schedules, costs, and resources, ensuring informed decision-making before changes are approved and integrated into the live project environment.
See how Cora PPM helps you reduce costs and schedule delays with comprehensive EVM functionality.
The variance reporting capability functionality identifies and analyzes Schedule Variances (SVs), Cost Variances (CVs), and Variance at Completion (VAC). This enables program managers to take corrective action, mitigate risks, and continuously optimize project performance, ensuring alignment with EVM best practices and contractual obligations.
The system enables program managers to run the DCMA 14-point schedule health check directly against the Gantt schedule. Results are automatically logged in a dedicated DCMA audit page within Cora, ensuring compliance with schedule integrity standards and improving project reliability and reporting accuracy.
The alternative hierarchies feature integrates program structures with the Work Breakdown Structure (WBS). Additional configurations support reporting on elements such as WBS dictionary structures, MIL-STD-881 appendices, contract obligations, and performance tracking, ensuring project alignment with contractual, financial, and reporting requirements.
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Prevent cost and schedule overruns using the comprehensive suite of EVM tools to monitor any gaps between planned and actual costs.
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Earned Value Management (EVM) is a methodology that allows you to compare where a project was supposed to be in terms of costs and schedule, and where it is at any moment in time, in a way that’s objective and universally accepted.
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