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 The Plan On The Net .com User Guide 
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| Earned Value Management (EVM) | |
| About EVM | |
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EVM was originally created for tracking and monitoring large and complex
projects.
EVM provides an effective
method of tracking a project and for measuring real project progress and
overruns (cost or effort).
EVM also provides the project manager a tool for measuring actual worked performed against the planned (budgeted) work schedule as well as indicating cost or effort overruns against budgeted cost or effort schedules. If you are not familiar with EVM, you can review some of the many excellent web sites on EVM. As a reference, we provide the following link (not affiliated with this site): Earned Value Management Web Site. | |
| We Make It Simple | |
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This site makes EVM simple to use and provides you, the project
manager, an effective tool to use on your projects.
There are two main activities: (1) Entering tracking data and (2) Reviewing the analysis. | |
| Entering Tracking Data | |
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Tracking data is entered for each task assignment.
You should enter how much real progress has been made (percentage complete),
the actual effort (time) expended, and the date of the entry.
That's it!
The most important aspect of this data entry, is to correctly assess the percentage completion of an assignment. You should not enter percentage completion based upon hours expended or money spent. Enter an assessment of how complete the assignment is. The software keeps track of previous entries and so an automatic trend dataset is maintained. To enter tracking data, go to the project worksheet and select the "pen" icon
next to the task assignment that you want to update:
program office | |
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| Reviewing EVM Analysis | |
| You can review histograms directly on this site, or you can export EVM data to a spreadsheet on your computer for further detailed analysis and graphing. | |
| Review EVM Directly On This Site | |
To review both histograms, go to the EVM review page:
program office  pick project plan earned value.
This page will present two histograms for earned value trend data:
EVM by cost and and by effort (time) are both presented.
The following image shows a sample histogram. | |
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| Planned Cost Budget (BCWS) | |
| This data shows the planned project cost. BCWS: Budgeted Cost for Work Scheduled. This is your reference baseline for measuring project progress. | |
| Earned Value (BCWP) | |
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This data shows the trend for
earned value.
This is how much real progress has made on the project relative to how much
progress should have been made.
This trend is independent of how much effort (or money) has been spent to date.
BCWP: Budgeted Cost for Work Performed.
The schedule variance indicates how much ahead (or behind) the project is, based upon the actual real progress made. | |
| Actual Cost (ACWP) | |
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This data shows the trend data for
actual cost
to date. The plots show how much over (or under) spending is taking place,
relative to the planned cost schedule.
ACWP: Actual Cost for Work Performed.
The cost variance indicates how much over (or under) spending is currently taking place, relative to the planned spending schedule. | |
| Exporting Data To A Spreadsheet | |
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You can export the EVM analysis data to your computer in the form
of a CSV (comma separated) file that can be used directly in your
spreadsheet program.
From the EVM analysis page (see navigation in section above), select the export current view link. You will be prompted to save the data in a file or opened with your spreadsheet program. Due to different PC configurations, we suggest that you first save the file and then open with your spreadsheet program. The following image shows some EVM data plotted on a graph using MS Excel. | |
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