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Earned Value Management System

An earned value management system can be established with TrackerSuite.Net modules, that organizations can use to more effectively track projects and forecast costs.

Earned Value Management (EVM) integrates measurements of scope, costs and schedules into a single system for the objective monitoring and review of a project's development. The benefits of establishing an Earned Value Management system include:

  • Firmly defining the scope of a project, its purpose and objectives, thereby limiting potential scope creep.
  • Improved communication of project progress to stakeholders.
  • Providing a focus for the project team to help maintain steady progress.

TrackerSuite.Net, a Web Based Earned Value Management System

While an organization can establish a rudimentary Earned Value Management system for simple projects using spreadsheets, this approach is unsuitable for large, complex and costly projects. TrackerSuite.Net can be utilized as part of an Earned Value Management system for managing the project management process, and is capable of scaling from basic to more advanced implementations.

Charting values and costs with a Web based earned value management system

Tracking a project strictly by its budgeted work versus actual costs over time doesn't provide a clear picture of how much work has actually been accomplished within that period. By including the measurement of earned value, the project's variance from both planned costs and schedule is illustrated.

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TrackerSuite.Net Advantages

  • 100% Web based with extremely fast, highly scalable applications.
  • Source code included in licensing.
  • Modular structure allows organizations to select the applications they need to assemble the solution they want.