Resource management software

Earned Value Management

Reduce deviation and increase your margins using the EVM metrics integrated into all our solutions

No more cost overruns

One of the perennial problems that all businesses  are continually faced with are projects whose 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 address 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 maintain control over the project and rein in those gaps. Which will reduce costs, minimize waste and increase margins and revenue.

A clear-eyed, objective view

One of the reasons gaps appear between planned costs and actual costs and delivery is that, as often as not, people are working from different data sets. Simply put, some people are glass-half-empty people, and others are glass-half-full types. So evaluations as to how well a project is progressing can vary wildly.

EVM ensures that all data sets are based on consistent and agreed-upon criteria. So that a process that had been based on subjective criteria becomes instead an objective and universally accepted one. So that everyone has a much clearer and more accurate understanding of exactly where everyone is.

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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 support does Cora’s EVM support?

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

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