Earned Value Project Management

Tracker modules provide the structured project environment and tracking capabilities required for Earned Value Project Management.

(We also offer a detailed overview of Earned Value Management with TrackerSuite.Net, our Web based product)

Earned Value Project Management (EVPM) has two objectives:

1. To improve project and organizational efficiencies.
2. To provide consistent, accurate information on project status.

Earned Value Project Management combines scheduling, resource allocation, costs and requirements to enforce efficient internal cost and scheduling protocols for projects, and to provide project managers and executives an effective system for tracking and forecasting project development and costs according to the ANSI/EIA 748 compliance standard for earned value management systems. ANSI/EIA 748 provides guidelines for organization, planning, scheduling, budgeting, accounting, analysis and data maintenance.

Try TrackerSuite.Net for Earned Value Project Management TODAY!

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TrackerSuite.Net Advantages

• 100% Web based with extremely fast, highly scalable applications.
• Source code included in licensing.
• Modular structure allows organizations to select the applications they need to assemble the solution they want.

EVPM compares the planned amount of work against what has actually been completed to determine if cost, schedule and work accomplished are progressing as planned. Work is "earned" or credited as it is completed.

This is accomplished by breaking down project work into budgeted and scheduled time-phased "planned value" segments, which combine to form the project baseline. Typically this is accomplished through establishing a Work Breakdown Structure (WBS) for the project. By establishing this structure, earned value analysis metrics such as Cost Variance and Project Schedule Indexes can be determined.

Earned Value Project Management Benefits

Successful incorporation of the Earned Value Project Management philosophy can yield:

• Lowered costs through improved efficiencies.
• An early warning system. EVPM highlights projects that are off-track in time for corrective action to be taken.
• Increased productivity.
• Accelerated time to market.
• Improved accuracy in project time and budget tracking.
• Groundwork for effective decision-support systems.

Earned Value Project Management with Tracker

Tracker applications provide the organizational and tracking capabilities required for ANSI/EIA 748 earned value project management protocols:

• Project Tracker offers project templates for the WBS templates required for EVPM.
• Project status reports with automated reminders ensure that project activity and status are consistently updated.
• Simplified time, expense and purchase reporting via the Web or email client. Automatic approval routing structured in Personnel Tracker ensures legitimate approvals, and because these applications (Time Tracker, Expense Tracker and Purchase Tracker, respectively) integrate with Project Tracker, budgeting accuracy is improved for better reporting.
• The Tracker Data Warehouse generates over 40 report templates including budget vs. actual and on-time delivery schedules, reports based on the metrics required for earned value project analysis.