What is Earned Value Management?
Earned Value Management (EVM) is a project
management system that combines schedule and
cost performance to answer the question, “What did we get for the money we spent?”
KIDASA has combined Milestones Professional's
powerful presentation capability with the
flexibility of EVM to produce an earned value
reporting tool that simplifies and clarifies the
project management process.
Choose from 15 Earned Value SmartColumns
that are pre-programmed with a range of EVM
calculations.
To use any of the Earned
Value SmartColumns, all you need to do is to
enter (or import from another product such
as MS Project), your Budget at Completion
(BAC) and Actual Cost (AC) , % complete and
then start tracking your tasks. As you
change the Percent Complete and update your
Actuals, all the Earned Value fields such as
Earned Value (EV or BCWP), Planned Value (PV
or BCWS), etc. get updated automatically.
To get started Choose the Insert
tab. In the Rows, Columns section choose
New Column.From the list choose Earned Value.... Choose
as many EV metrics as you need!
With your Budget at Completion (BAC)
and Actual Cost (AC) present in your schedule you can have
Milestones Professional generate a variety of Earned Values
Reports.
You can generate these reports by choosing the
Tools tab. Under the
Reports section choose Earned Value and
select from the list of reports
