What is Earned Value Management in the PPM module?

Profit.co provides an option for users to monitor the EVM in the project portfolio module.

Why this feature?

• EVM provides a clear view of project performance by comparing planned budget and actual work, enabling project managers to make informed decisions and adjustments to stay on track.
• Key metrics like CPI, SPI, and TCPI offer real-time insights into both cost and schedule performance, helping identify potential risks early and ensure timely corrective actions.

Earned Value Management (EVM):

Earned Value Management (EVM) is a project management technique used to assess a project’s performance by comparing the planned budget with the actual work completed. It provides a clear view of the project’s health, allowing project managers to make informed decisions and adjustments as needed to keep the project on track.

EVM helps monitor both cost and schedule performance, offering key performance indicators like the Cost Performance Index (CPI), Schedule Performance Index (SPI), and To-Complete Performance Index (TCPI). These metrics give a comprehensive overview of project progress, helping identify any risks to cost or schedule early enough to take corrective action.

Step 1

Navigate to the All Projects section in Profit.co. Select the required project for which you want to track performance.

Step 2

Switch to the EVM tab to access the Earned Value Management metrics.

Earned Value Management gives you a comprehensive view of your project's health by showing key performance indicators like CPI, SPI, and TCPI.

Step 3

You will find a visual representation of performance using a four-quadrant system based on CPI and SPI:

• If both schedule and cost are at risk
• If you are behind schedule but on track with costs
• If you are ahead of schedule but over budget
• And if both schedule and cost are on track.

It provides a clear visual representation of your project’s progress by showing Planned Value, Actual Cost, and Earned Value together. You can easily track how your project is performing in terms of both time and cost.

Additionally, it offers insight into your Cost Performance Index (CPI) and Schedule Performance Index (SPI), helping you monitor efficiency across both dimensions as your project evolves.

See important project details like Planned Value, Planned Finish Date, total tasks, and performance metrics such as Earned Value and Forecast Completion Date.

Track task completion and how the project is progressing in terms of both time and cost.