601 & 612, The Times square Arcade, Near Baghban party plot, Thaltej - Shilaj Road, Thaltej, Ahmedabad, Gujarat - 380059
The customer is a leading business consulting firm in business process analysis, project management and software outsourcing. It needs a good project management software and wants to build an earned value management (EVM) software application suite for ease-of-use, scalability, flexibility, security and performance. EVM for project management and performance is designed to manage projects, both large and small, and to scale up to handle hundreds of projects and users in even the largest enterprises.
The customer had to deal with different portfolios to track project timelines and performance. Manual checking of project performance failed to keep track of project performance during the workflow. The work breakdown structure task was difficult to maintain. The customer realized the need for a platform that could help manage it centrally and also enable them to track performance such cost performance index and schedule performance index. Earned value management (EVM) has become an essential part of managing large-scale, complex, or high-risk IT programs.
EVM software helps in the following ways:
We encourage you to contact us with any questions or comments you may have.
iFour Technolab, a leading custom software development company in USA, built an innovative and reliable EVM system. The newly developed system is a platform that utilizes the baseline expectations and compares the planned value (PV), the value of the work being completed (EV), and the actual costs (AC) on a daily, monthly, and yearly basis, in a controlled, monitored and secure environment. The customer has to provide the project name, duration, timescale, currency, earned value, planned value, and critical path.
iFour Technolab offers end-to-end full stack Node.js development expertise that allows us to develop a robust web application with impressive features. Hire our NodeJS developer to work on your project, based on your requirement.
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
Conclusion/ResultsEVM 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.
About Customer The client is a US-based firm that provides exceptional software to aid industries in monitoring competitors, their services, and products. It helped various clients build concrete business strategies by understanding competitors'...
About Customer Customer is an innovator of model that uniquely identifies every physical and logical objects in the world. Customer is based in the Netherlands and has patented this model of uniquely identifying objects. Unique identifier specifies...
About Customer Customer is a leading e-Marketing firm based in USA. Customer primarily operates in the creation of an online medium by building sites and applications on mobile devices. Customer creates tailor-made softwares and focuses on...
In any organization, it is difficult for managers to create and manage schedules, given people’s preferences and availability, especially while working in shifts. This problem gets exacerbated when faced with shift swap requests, sick calls, no-shows,...
About Customer Customer is a leading consultant in United States that has a focus to bring about an innovative online platform that provides a place for hang out with different people. It is achieving a huge potential of growth and prosperity...
About Customer Customer is a leading Gujarati media company in India engaged in Gujarati movies production, theatres and casting artists for various movies and projects. Customer has experience producing many prominent Gujarati movies and serials....
Every CTO knows the struggle of managing complex reports. The inefficiency of scattered data, the constant juggling between reporting tools, the challenge of ensuring accurate KPIs...
The very first reason why you should implement Row Level Security is to foster trust, a crucial element for any business's success. Next, it reduces data clutter and helps you load...
The performance of Power BI is significantly influenced by two essential factors: design consistency and the rapid loading of BI elements. This holds true whether you choose Tableau...
