GovCon: Earned Value Techniques (EVT)
A performance measurement technique selected to represent the measurement of work scope progress and accomplishment in a work package. Available EVTs include: XX/YY, 0/100, 50/50, Level of Effort, Apportioned Effort, Incremental Milestone, Incremental (Weighted) Milestones, Percent Complete with QBD, Percentage Complete, Weighted Percent Complete (Duration), PERT, No Earned Value
Toggles
Note: To use EVM in Cora, both the Baseline and Rate Matrix functionality MUST be enabled, as EVM cannot function properly without them. All required toggles for EVM, including Baselines and Rate Matrix, are listed below.
Feature Toggle(s) | Permanent Toggle(s) |
EVM | |
144924_Set_EV_Percent_Complete_to_100 | |
Baselines | |
100008_Financial_Baseline_Comparison_MVP | Updated_Baselines |
Rate Matrix | |
114927_Add_Filter_functionality_to_Rate_Matrix_Gri | |
Schedule | |
141598_Hide_Expected_Date_on_Materials | KanbanBoard |
?️ Configuration (Admin)
Administration > System > My Installation > Features
Ensure EVM is checked and click Update
Administration > System > Project
- Set Effort - choose if this based on total effort or remaining effort to ETC - Remaining Effort
Administration > System > Earned Value Management
Under the Earned Value Management Management tab,
- select the Earned Value Techniques that should be available to end users and
- select the Default Earned Value Technique that is used the majority of time for your organization, then select Save.
- Earned Value Techniques are now available for End User usability.
Items to be aware of (Gotchas)
To properly calculate Earned Value, the following features need to be used in combination with the Earned Value Techniques:
- Rate Matrix
- Project Baseline
- Organizational Breakdown Structure (OBS) Register
- Work Breakdown Structure (WBS) Register, and
- Contract Line Register
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