EVM: Management with the Lights On

Earned Value Management (EVM) is a method using specific metrics to measure, forecast, and ultimately improve project performance. EVM has been shown to be a very strong indicator of the future performance of a project. In fact, when EVM is effectively deployed, it can be used to predict project performance +/- 10% when the project is only 20% complete.

Traditionally, EVM has been applied only on very large government contracts that mandated rigorous standards and practices. But now, companies are realizing the power of EVM to assess productivity and to more accurately forecast. They are starting to apply earned value principles on a wider range of projects.

EcoSys helps you capture progress at as high and simple of a level as necessary to provide meaningful information. With this core input, you can efficiently use past performance metrics combined with cost and schedule data to easily apply EVM to your projects.

Watch this video to learn more about EVM, how EcoSys makes it easy, and why it is the executive’s secret weapon for “management with the lights on.”

Improving Projects Performance at CH2M

Efficiency is important in improving organizational performance, especially in the Engineering & Construction industry where project margins are so thin.

CH2M, a leading global engineering company providing consulting, design, construction and operations services recognized that in order to improve the performance of their projects, they needed to increase efficiency by eliminating the time spent manually compiling data from single point solutions. CH2M selected EcoSys as an enterprise-wide project platform, integrating with their ERP and scheduling systems to seamlessly integrate data sources, resulting in improved:

  • Budgeting
  • Forecasting
  • Change management
  • Progress measurement
  • Performance measurement

Watch this video to see how CH2M was able to replace inefficient in-house and single point solutions by standardizing their project controls solution with EcoSys.