Earned Value Analysis in Project Management
EVA is the key to successful project management
Project Business Automation brings you automated earned value analysis on every project so you can manage more efficiently
Earned value for projects can be calculated at the click of a button in Adeaca PBA. As a project manager, always know state of your projects and portfolio so you can produce better project outcomes for your business.
The Project Business Automation Blueprint
The Definitive Guide to a creating a comprehensive business system for project-based companies
What you will learn:
- The problem PBA solves and why it is needed
- Core elements of PBA and how they work
- How you can enhance PBA for your company
- The business case for PBA
- What PBA means for the future of Project Business
If you are in architecture, engineering and construction, ETO/contract manufacturing or professional services, you need this Blueprint.
Integration is key to accurate and timely EVA
To achieve a proper Earned Value Analysis, you must know two things: 1) are we on time; and 2) are we on budget? For most companies, these are calculated in different systems completely unrelated to each other, causing delays, errors and efficiencies in calculating EVA.
Adeaca PBA provides all prerequisites for Earned Value Management in a single integrated system. This ensures not only that that earned value data is readily available but also that the EVM data is generated by and maintained within transparent, auditable and managed processes.
In Adeaca PBA™, the cost budget is time-phased as part of the estimation process. This is done either by applying the scheduled timeline from the Work Breakdown Structure (WBS) or by assigning dates and distribution curves to budget positions against the Costs Breakdown Structure (CBS).
Single source of truth
Because Adeaca PBA is a single integrated solution used for financial as well as operational project management, costs are recorded directly against the native CBS and can be directly incorporated into EVA computations without translating, mapping, importing or otherwise manipulating the data.
Trending & forecasting built in
Progress is continually monitored across a range of financial and operational indicators. The recorded progress is locked down as part of the month-end process which forms the basis of earned value calculations. The EVA dataset is completely embedded in the general project costing data and stored for future analysis and to serve as the basis for trend analysis.
Out-of-the-box support for Earned Value Management
In Adeaca PBA, CBS levels for earned value are user defined which means that even complex projects can be configured to be driven by only a handful of EVA accounts. This provides Earned Value Analysis performance metrics with minimum efforts required and is an excellent route for companies get started with EVA without completely up ending their business processes to support EVA.
Easily configurable for your business
Likewise, the support for multiple EVA principles (or “earning rules”) means that clients can configure earned value to be computed based on progress indicators with which they are comfortable and are able to effectively track and maintain.
Project Business Automation Requirements Template
The most comprehensive business system requirements document for project-based companies.
400+ criteria you can use immediately to evaluate any ERP/business system for its Project Business capabilities.
- Create or supplement your own RFI or business requirements document
- Set parameters and evaluate vendor demonstrations around the included features
- Rethink your tools and systems strategy supported by tangible criteria
Any company in engineering and construction, ETO/contract manufacturing or professional services, exploring a new ERP, project/portfolio management, project accounting, project analytics or related system needs this template.
Native support for EVA fundamentals
The base EVA configuration is done against the CBS. The configuration includes a definition of the CBS level at which earned value is computed and which EVA principles are used to drive earned value computations. Supported EVA principles include:
- Estimate at Completion (EAC)
- Completed work
- Production units
- Physical inspection
Earned Value S-Curve
The S-Curve presentation provides a project level summary of planned value, earned value and actual costs for all preceding and future periods. This is the manager’s level view of how projects are performing.
Earned Value Analysis Details
The detailed EVA view reports earned value metrics for each defined EVA level in the CBS. The detailed view also includes the Schedule Performance Index (SPI) and Cost Performance Index (CPI) along with cost and schedule variances accompanied by sensor points™ to highlight extreme metrics.
Considering Microsoft Dynamics 365 Project Operations?
Download the Whitepaper: Dynamics 365 Project Operations and Project Business Automation
As a project-based company, you may consider the new offering from Microsoft called Project Operations. But what is Project Operations, who is it for, and what exactly are you getting? Find out in this whitepaper.
In this document, we explore the best types of industries and businesses that should find value in Project Operations and those that will need something more. We provide a high-level comparison between the functionality found in Dynamics 365 and Adeaca PBA, so you can decide what makes the most sense for you.
Find answers to your questions
Discover more or engage with our project business experts.
The Project Business Automation Blueprint is the definitive guide to PBA and how you can set up a comprehensive business system for your project-based company.
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See a high-level overview of our Project Business Automation cloud solution for Microsoft Dynamics 365 Finance. Learn how it works and what the benefits are for your industry.