Earned Value Management (EVM) is a project management technique that measures forward progress objectively. EVM has the unique ability to combine measurements of technical performance, schedule performance and cost performance within a single integrated methodology.
EVM improves the definition of project scope, prevents scope creep, communicates objective progress to stakeholders, and keeps the project team focused on achieving progress.
PSG’s Earned Value Management Accelerator provides a centralized, integrated technology set for basing a complete EV system on. It uses templates and reports that map directly to helping companies show compliance around OMB Standard EVM -A reporting requirements. Organizations can use the solution Accelerator to integrate cost, schedule, and performance data from multiple sources to meet reporting requirements, reduce costs and harness EVM information to better manage projects and programs. Coupled with good process and training, solution benefits include:
Improve Communication & Collaboration:
More efficient teamwork through central location for schedules, task updates, percent complete, issues and deliverables.
More consistent, standard EVM reports based upon OMB/EOP set standards.
Continuous improvement through a central environment for sharing project lessons-learned, metrics and best practices.
Streamline Data Collection:
Begin projects more quickly through use of templates.
Improve visibility to task status for all team members.
Quickly resolve problems associated with tasks before they become a problem.
Automated task assignments to team members for actual data collection.
Reduce Cost of Reporting Requirements:
Improve end-user satisfaction through integration with familiar tools.
Direct integration with Microsoft Project, Project Server and Excel for immediate one-click report creation.
Ensure quicker task resolution through higher, more simple visibility.
Effectively Manage Information:
More efficient teamwork through central location for all tasks, issues and schedules.
More consistent reports through easily accessible pre-built web-based reporting.
Continuous improvement through a central environment for best practices and lessons-learned.
To get more information about PSG’s Product Development Accelerator, contact us or call us toll-free at 866.691.1963
