Capabilities
Enterprise Platform
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.
Integrated Cost and Schedule
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.
Earned Value Techniques (EVT)
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.
Earned Value % Complete (EV%)
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.
Estimate at Completion (EAC)
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.
Baseline Change Control
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.
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See how Cora PPM helps you reduce costs and schedule delays with comprehensive EVM functionality.
Additional Capabilities
Variance Reporting
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.
DCMA 14-Point Health Check
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.
Alternative Hierarchies
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.
Reduce Deviation on OpEx and Large CapEx Projects
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Earned Value Management FAQs
What is Earned Value Management?
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.
What are the benefits of using Cora’s EVM?
It gives you internationally recognized PMI performance metrics. You can visualize performance metrics and take corrective action. You can objectively measure performance using financial data based on the project Gannt/WBS (work breakdown structure). Learn more
How can I track project performance using Cora’s EVM?
Easily track and review the performance of projects by comparing schedule and cost performance indices (CPI & SPI) with planned value (PV) costs, budget at completion (BAC) costs and estimate at completion (ETC) costs
What types of EV techniques are supported?
Earned Value Techniques (EVTs) support include:
- XX/YY – Distributes earned value (or BCWP) based on a custom defined fixed formula XX at task start and YY at task completion, suitable for tasks that span a maximum of two fiscal periods.
- 0/100 – Assigns earned value for a task only upon task completion, ideal for distinct deliverables with clear completion points. Suitable for short duration tasks, typically completed within one reporting period.
- 50/50 – Distributes earned value equally between the start and completion of a work package, suitable for tasks that span a maximum of two fiscal periods.
- Apportioned Effort – A method of planning and measuring the earned value for effort that is directly related to another task(s) and is not definitively measurable or broken into discrete work packages.
- Incremental (Weighted) Milestone – Assigns earned value based on weighting of activities in a Task Activity Group (TAG) within a task. Activities on this EVT can only be set to a % Complete of 0 or 100. This earned value technique is generally used when discrete work packages exceed two months in duration.
- Level of Effort - Earned value is measured by the passage of time. In other words, EV equals the budget cost of work planned or scheduled (BCWS). Used for support activities such as project management or administration.
- No Earned Value – No Earned Value is taken for tasks.
- Percentage Complete – Calculates earned value and EV % complete based on the percent complete manually entered on a task.
- Percent Complete with QBD (Quantifiable Backup Data) – Assigned earned value based up the percent complete of the activities detailed in a Task Activity Group (TAG) within a task. Provides a more reliable measure of progress than by identifying an observable assessment methodology.
- PERT (Program Evaluation Review Technique) – Uses
- Units Complete – An earned value technique used when physical counts of products or completed deliverables are the measurement of status.
How can Cora’s EVM be used as part of my Earned Value Management System?
For more information how it can be used in an Earned Value Management System see our explainer on EVM.