Control Your Projects with Earned Value Metrics
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Experienced managers know that performance metrics are a key way to monitor projects
It is best to understand project issues early, while there is still time to resolve them. DecisionEdge for Microsoft Office Project offers a complete set of multi-project earned value charts and reports that help you stay ahead of the curve.
Based on the world-class Australian Standard 4817 for project performance management using earned value, these charts and reports will help you understand:
- What is the earned value of my projects?
- Given past performance, what will the cost of all of my projects be at completion?
- What are key performance trends?
"Even with the more graphical options in Project’s new Visual Reports feature, you can benefit from the more advanced graphics capabilities of DecisionEdge’s products."- Microsoft Office Project 2007 for Dummies
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Complete Set of Earned Value Charts and Reports |
AS4817: C1
Cumulative Performance Chart
With the basic earned value components of Planned Value, Earned Value, and Actual Cost, this chart gives a quick overview of project performance.
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AS4817: C2
At Completion History Chart
This chart displays the changes of three important project parameters: Project Budget, BAC, and EAC.
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AS4817: C3
Combined Performance Chart
This combines C1 and C2 into one chart to provide a comprehensive view of project performance.
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AS4817: C4
Variance Chart - Period Data
This chart shows the cost variance and schedule variance that occurred in each month of the project. This is of value because current month values are a leading indicator of cumulative data. |
AS4817: C5
Variance Chart - Cumulative Data
This chart shows the cumulative CV and SV trends over time. |
AS4817: C6
Variance Chart - Cumulative in Percent
This chart shows the trends in SV and CV as a percentage of the respective denominator (PV for SV and EV for CV). From a management perspective, upper and lower bounds are often used for management-by-exception reporting. |
AS4817: C7
Bulls-Eye Chart
This chart shows the interaction of CV and SV over time. |
AS4817: C8
Efficiency Chart
This chart compares past performance with the performance needed from now until the end if the target is to be achieved. This information is of use in determining the validity of the project's EAC and BAC. This version uses the definition of EAC = Actual Cost + Remaining Cost. |
AS4817: C8
Efficiency Chart (Microsoft Definition)
This version of the Efficiency Chart uses Microsoft' Project's definition of
EAC = ACWP + (Baseline Cost - BCWP) / CPI |
Performance Stoplight Report
(AS4817-C9)
Use this sophisticated stoplight report to understand project performance trends using CPI and SPI.
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AS4817: C10
Independent Estimates at Completion
This chart shows the EAC with the other Independent Estimates at Completion. Basically, this chart shows alternate estimates at completion which take past performance into account - which should yield better results.
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PLUS
Many other earned value charts, including the Current Element Performance Chart
This chart shows key project performance information using Planned Value (BCWS), Earned Value (BCWP), and Actual Cost (ACWP) curves.
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DecisionEdge is the leading provider of business intelligence solutions designed specifically for project managers.
Watch an online demonstration then download a free trial version to see for yourself how DecisionEdge can help you make better project decisions.
- See your entire project portfolio more clearly with business intelligence software designed for your project management system
- Better understand and communicate key project information with all stakeholders
- Stop wasting time copying and pasting into spreadsheets to get the custom graphics you need
"We have installed DecisionEdge and are running only 3 charts. Before we downloaded your tool, I had to take the MSP data into Excel and tailor it for every project's weekly presentation. I am now saving 2 hours every week." - end user IT PMO
Learn More:
• Detailed Product Information - See the DecisionEdge Suite product page for more information
• Chart Gallery - See samples of the 100+ new project charts and reports available in DecisionEdge
• Watch a Demo - Watch a recorded demonstration of DecisionEdge in action