PM Earned Value Management

Earned value management (EVM, also called earned value analysis EVA) is a project management process that aims to identify performance problems early during the project execution. For an introduction please see earned value management at Wikipedia .

Process Activities

• The project manager enters percent completed values for every project task.
• The project manager compares "planned value" with "earned value" in the Earned Value portlet in the project's view page.

Process Input

• The project plan (WBS, work breakdown structure) with additional estimates of the number of hours required to finish a task
• The percent completed values of every task
• Timesheet costs from [[process-pm-project-timesheet-mangement|timesheet management]
• External provider costs from provider management and the financial module
  
• Travel expenses from (travel) expense management
  

Process Output

• Consolidated values for planned value (PV), earned value (EV) and actual cost (AC)
• A chart showing the evolution of all financial indicators over time 
  

Process Support by ]po[

]po[ allows project managers to define the completion degree on the level of tasks in the Project -> Tasks page.

Based on these values and the other inputs to the process, ]po[ is capable to calculate all important outputs of earned value management automatically.

Currently, ]po[ uses the number of hours ("planned units") per task as the base for calculating earned value and percent completed. Future versions of ]po[ may support additional methods of calculating earned value.

References

• Calculating percent completed / earned value details
• Audit package - maintains the history of project changes and includes the Earned Value portlet