Earned Value Management
Identify project areas that need intervention using Earned Value Management
Contruent Enterprise is an Earned Value Management System (EVMS) that helps organizations find variances in projects based upon the comparison of work performed and work planned. Earned Value Management (EVM) is a project management technique for measuring project performance. Traditional methods for evaluating a project’s health can yield misleading results. The Earned Value process is a proven method for identifying the specific areas of a project that need early management intervention while they are still correctable.
Utilize earned value Cost, Accounting and Schedule Integration (CASI) as a means to efficiently manage and control strategic projects. By establishing a control account and a work breakdown structure (WBS), Contruent is able to measure project performance measurements in regards to the current period, past performance via historical data, and future performance measurement via critical path and earned value methods, thanks to their remarkable predictive capabilities.
Detect significant cost and schedule variances
Identify project issues early to take immediate action
Increase communication and transparency
Management by Exception
A project managed at a control account or work package level allows management to easily identify the accounts with performance problems. Management can then focus its efforts on correcting those areas. Alternatively, management can recognize the areas of the project showing good performance.
Contruent for EIA-748
Conform to the AACE International Recommended Practice 82R-13. Contruent Enterprise can be implemented to reach the 32 EVM principles in the EIA-748-C Earned Value Management System (EVMS) Standard.
With PRISM, we have been able to support the growing needs of the business and satisfy our client’s requirements in full.