Earned Value Management involves tracking project scope, time and cost for a given contract or task, and is a requirement of many government contracts. ERPGov Cloud’s optional Earned Value Management System (EVMS) generates the standard monthly statistics per Electronic Industries Alliance Standard-748 (EIA-748) .
ERPGov Cloud’s EVMS module drastically reduces the time necessary to calculate EVM statistics manually or by using spreadsheets and ensures that outputs use data directly from the accounting system. The software calculates all standard EVM parameters including:
• Budgeted Cost for Work Performed (BCWP)
• Actual Cost of Work Performed (ACWP)
• Percent Spent (%S)
• Cost Variance (CV)
• Cost Performance Index (CPI)
• Schedule Variance (SV)
• Schedule Performance Index (SPI)
• Estimate at Completion (EAC)
• Estimate to Complete (ETC)
EVM is well-established for measuring progress in line with cost and schedule, and ERPGov provides a powerful tool for generating EVM statistics.
When EVM is a customer requirement, ERPGov’s EVMS module is a cost-effective add-on that integrates data already inside your system..
Find out more about our Cloud based software for government contractors.