Earned Value Management (EVMS)

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Earned Value Management

This famous concept finally becomes a practical possibility – even in the chaotic world of global construction projects

EVMS is the best way to track project progress and monitor deliverables. Properly used, it helps managers assess planned versus actual (in performance, schedules and budgets) and avoid delays and bottlenecks. It is also an invaluable way to keep all project stakeholders on the same page. WRENCHâ„¢ is the perfect platform to enforce EVMS techniques because it captures progress data automatically i.e. logs transactions and events as they occur.

Example: S-Curve reports, a favorite project management tool, can be generated and transmitted by WRENCH in a few minutes – with the guarantee that all data used to compile and calculate each parameter is 100% up-to-date and accurate.

Business advantage: When managers are confident of actual progress at any given time, they can prevent problems like overrun budgets, scope creep, late deliverables etc. The result is that overall productivity shoots up, and errors and delays drop down to almost zero.

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