Earned Value Management (Cost and Schedule)

EVM can be used for contracts compliance and projects’ insight indicator. It is a powerful tool to control both cost and schedule variance of a program or at a project level. It is not properly practiced in IT projects portfolio; it has many reasons but most prominent is agility aspect of software development, services and IT support projects.

7Formations believe that EVM can be practiced and even programmed in today’s famous portals and content management systems like MS SharePoint, Drupal and Joomla. We help our clients to set up following components;

  1. EVM Central Repository (it may be section of Measurement Assets Library and/ or Process Asset Library)
  2. Root Cause Analyses in aspects of cost and Schedule performance
  3. Team Charters to facilitate efficient communication and interpretation
  4. Support services to implement EVM system in compliance with federal agencies and other state institutions

For more details see Project Management Institutes’ website http://www.pmi.org

EVM and CMMI

CMMI Institute’s Capability Maturity Model Integration (CMMI) is well recognized in software development industry worldwide. 7Formations has certified consultants in areas of CMMI certifications and Project Management institutes’ to deliver services in these areas.

There are best practices in CMMI model related to measurements and analyses through which EVM tools can be utilized.

For details related to individual practices, see EVM at PMI. For CMMI model which is publicly available at CMMI institute.

For EVM and CMMI related services please contact 7Formations