Get rid of any deviation thanks to the EVM metrics integrated into all our products
Earned Value Management
Radically reduce costs
Reduce and even eliminate any deviation, those gaps between planned and actual costs, thanks to the EVM metrics integrated across all our solutions and products.
Get an objective picture
EVM metrics are based exclusively on objective data, so you won’t have to ‘re-interpret’ internal data sets. And your whole organization will operate much more effectively.
Better working capital
Now that you have a much more accurate picture of how each of your projects is progressing, you’ll have a much more precise idea of where you are with your working capital.
Improve your bottom line
Once you start applying EVM metrics across each of your individual projects, you’ll deliver them much more promptly. So all that revenue can be recognized today instead of tomorrow.
Work more sustainably
Thanks to the EVM metrics you’re now using to manage your projects and your portfolio of projects, your organization will be producing far less waste. So your ESG metrics will improve significantly.
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.
Ready to see how Cora 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).
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.