Resource management software benefits of a PMO

Earned Value Management

Get rid of any deviation thanks to the EVM metrics integrated into all our products

A clear-eyed, objective view

One of the reasons gaps appear between planned and actual costs is that, all too often, people are working from different data sets.

What EVM does is to ensure that all data sets are based on the same, agreed-upon criteria.

So everyone has a much clearer and more accurate understanding of exactly where everyone is.

No more cost overruns

One of the perennial problems all businesses are faced with are projects where costs have spiralled out of control. So in the late 1960s, the U.S. government’s Department of Defense came up with a mechanism to solve this; EVM.

By keeping a continual eye on how much you were supposed to be spending, at this stage and on that project, and comparing it with how much has actually been spent, you can rein in those gaps. Which will reduce costs and increase revenue.

Have a quick look

 

Here’s a brief clip (40 secs) of our Earned Value Management functionality in action.

If you’d like to see more, request a demo below.

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Ready to see how it works?

We know how busy you all are, so we’ve produced 3 different types of demos for you to choose from.

FAQs about Earned Value Management
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).

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What measurements can you track using Cora’s EVM?

You can review schedule and cost performance indices (CPI and SPI), Planned Value (PV) costs, budget at completion (BAC) and any actions, dependencies and changes on project registers.

What types of effort and EV techniques are supported?

Our module supports all effort types; discrete, apportioned and level of effort, and divides ‘discreet’ into 6 categories;

  • 0–100
  • 50–50
  • XX–YY (A custom version of 50–50)
  • Incremental milestone
  • Percent complete
  • Units complete
What kind of reports does Cora’s EVM support?

It’s designed to support IPMDAR data feeds and reporting requirements.

Learn more