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Earned Value Management has three basic elements.
Planned Value (PV)
Earned Value (EV)
Actual Cost (AC)
The system includes the following features to provide a work breakdown structure (WBS) in EVM for a specific project.
Metrics before start of project - Budget at completion and planned value
Metrics measured during progress - Earned value, planned value, actual cost, earned schedule, actual time
Measures performance metrics – Cost performance index and schedule performance index
Supports work packages, planning packages and intermediate tasks
Futuristic analysis module for planning cost estimation and completion
Multi language (Russian, English) and multi project platform
Project performance module to visualize status graphically
EVM techniques have been proven effective as a set of forward-looking metrics for monitoring and controlling complex and risky projects. These metrics are constantly evolving and therefore, we rely on inputs from the customer community to make sure that we deliver the best solution for the ever-changing needs of business and Project Management. With the customized and sustainable EVM solution provided by iFour Technolab, companies are better able to manage projects, which involves managing project costs, functionality for planning, budgeting, measuring earned value, tracking actual costs, forecasting, change management, and reporting.
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