Earned Value Analysis in Real Time
Implement Earned Value Management (EVM) on one platform with Project Business Automation from Adeaca.
With Adeaca EVA, project-based enterprises can manage the schedule and costs of their projects together in real time, with complete visibility and control over how they recognize value and revenue.
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 EVM in a single integrated solution. 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 EVA 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.
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? Get the truth.
Whitepaper: Adeaca Project Business Automation vs Microsoft Dynamics 365 project management and accounting
Adeaca PBA runs on Dynamics 365 Finance and Operations. We love Dynamics! As a project business, you may be considering the project management and accounting module native to Dynamics 365. Our approaches to project business are not the same. This whitepaper provides a comprehensive high-level comparison between the project functionality found natively in D365F&O and Adeaca PBA, so you can decide what makes the most sense for you.
Find answers to your questions
Exploring, evaluating and selecting the right system can be overwhelming, especially for a project-based business. Let us help you through that journey. Engage with our project business experts in the way that works for you right now.
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