Earned Value Management (EVM) uses metrics to measure, forecast, and improve project performance. Even though EVM has been shown to improve project success, organizations often struggle to assemble the planned values, progress, actuals, and schedule data to support EVM initiatives.

EcoSys makes EVM easy no matter what level of rigor you need. Utilize fundamental EV metrics like Cost Performance Index (CPI) and Schedule Performance Index (SPI). Practice standards like EIA-748 required for some government agencies and contractors. Scale and adapt your EVM processes as needs change over time.

All the benefits of EVM. None of the hassle.

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Key Benefits For Earned Value Management

EcoSys automatically brings cost and schedule data together for accurate and timely EV reports. Leverage advanced integration and built-in business intelligence to deliver:

Efficiency

Integrate cost, schedule, risk, and progress from any source to save countless hours

Accuracy

Better progress measurement with fewer manual processes reduces errors

Insights

Maximize EVM impact with real-time analytics and indicators

Right-Sized EVM

Earned Value Management does not need to be a difficult process. You can use it on any project. We often advocate for a “Right-Sized EVM” approach. These are a set of core processes, inputs, and outputs that are practical to maintain. The result is a manageable EVM system that provides insight into project performance and drives informed business decisions.

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EcoSys for EIA-748

EcoSys provides extensive support for the 32 criteria of EIA-748 including: Control Account definition, Work Breakdown Structures (WBS), and Organizational Breakdown Structures (OBS).

Integrate with ERP and financial systems as well as scheduling, timesheet, and other enterprise systems. Automate the generation of the standard Integrated Program Management Reports (IPMR), C/SSR, and CFSR reports.

Utilize the scheduling engine in the early phases of projects or on small projects. Incorporate change management processes and maintain adjustments in a fully auditable historical record.

Additional Earned Value Highlights

  • Organizations using EcoSys Projects are not bound to rigid terminology and techniques
  • Tailor terminology, EV/Progress rules, and progress cycle
  • Cumulative and time phased data for Earned, Planned, and Actual Values
  • Define and view custom Independent Estimates At Complete (IEAC)
  • Roll up EV across projects for better visibility into programs, portfolios, divisions, etc.

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EcoSys supports all EVM processes for analysis and performance management:

In EcoSys Projects:

Assemble all the components needed for earned value – schedule, cost, planned values, progress – and then calculate your key performance indicators. Automatically create reports. Identify performance issues early, assess impact, and determine corrective actions.

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Planning & Scheduling
Detailed Estimating & Budgeting
Change Management
Risk & Issue Management
Performance Management
Forecasting

In EcoSys Contracts:

Use mobile capabilities to capture progress and status in the field. Identify and immediately communicate issues and incidents to the project team to reduce delays and promote informed decision making.

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Field Progress Measurement

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