Earned Value Management (EVM)

Earned value management (EVM) is a project management tool that integrates scope, cost, and schedule to analyze project performance and forecast project results. Alpha applies EVM to:

  • Provide insight into project cost and schedule performance using international-standard metrics and indicators recognized by regulatory agencies, governments; and financial institutions;
  • Develop and document processes to reinforce project management best practices;
  • Integrate schedule management, job-cost accounting, and project controls system reporting processes;
  • Measure project performance across all WBS levels over the project lifecycle; and
  • Calculate project schedule and cost performance variances and indices and forecast estimates at completion.
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  • Work Breakdown Structure (WBS)
  • Organization Breakdown Structure (OBS)
  • Establish Work Packages
  • Develop Integrated Master Schedule (IMS) or Performance Measurement Baseline (PMB)
  • Establish Control Accounts
  • Update IMS /PMB
  • Re-baseline
  • Variance Analysis
  • Establish Key Performance Indicators (KPI’s)
  • Trend Analysis