What's Earned Value Management (EVM)?

Earned Value Management (EVM) is a powerful feature in SaaS productivity tools that allows you to measure project performance and progress based on the value of work completed. This feature is crucial for keeping your projects on track by comparing the actual work done against the planned progress.

Why it's important

EVM is essential for effective project management. It provides a clear picture of how much work has been accomplished and whether your project is on schedule and within budget. By using EVM, you can identify potential issues early and make informed decisions to keep your project aligned with its goals.

How Earned Value Management works

EVM integrates with your project management tools to track the value of completed work. It calculates key metrics like Planned Value (PV), Earned Value (EV), and Actual Cost (AC) to give you a comprehensive view of your project's health. This allows you to assess performance and forecast future project outcomes accurately.

What you gain with Earned Value Management

• Improved Project Tracking: EVM helps you monitor project progress in real-time, ensuring you stay on top of deadlines and budgets.
• Informed Decision-Making: With accurate data on project performance, you can make better decisions to steer your project towards success.
• Risk Mitigation: By identifying deviations from the plan early, EVM enables you to address issues before they escalate, reducing risks.
• Enhanced Accountability: EVM fosters transparency and accountability by providing clear metrics that everyone on the team can understand and act upon.