About the EzEVM MS Excel
Why a Microsoft
Excel Based Approach to EVM?
EVM is the
integration of a project's cost data and schedule performance data.
Cost estimating tools
and corporate financial systems are superb at estimating costs and
collecting project cost data. They are typically weaker in
scheduling and critical path analysis.
tools like MS Project and Oracle's Primavera are great at scheduling
project activities, linking predecessors and successors, and
performing critical path analysis. They are typically weaker in cost
budgeting and collecting costs
MS Excel is the best
low cost platform to integrate cost and schedule performance data. EVM data
analysis is a
computationally rich examination that integrates cost and
schedule data. Numerous charts and graphs can provide management,
stakeholders, and customers visually graphic presentations of
project cost and schedule performance and likely outcomes.
Numerical and statistically complex formulas can give insight to
the expected best case and worst case outcomes. These EVM
analysis products are consistent with MS Excel's inherent power.
Can an MS
Excel based approach to EVM meet ANSI 748?
ANSI 748 is a process
focused standard that expects 32 guidelines to be followed in EVM
project planning, organization, accounting, analysis, and EVM
The guidelines are
typically met through the definition, implementation, and use of EVM
processes defined in an organization specific EVM System
Description. Tools provide automation, data integration, data
checking. and reporting. Tools are not certified, the process is.
Tools may be included in the process but are not themselves
ANSI 748 guidelines
can and have been met using MS project and MS office tools.
choose EzEVM over commercial EVM software tools?
An MS Excel solution
is inexpensive, intuitive, and requires little training.
There are many
excellent products to serve the EVM community. Most are developed to
address the complex needs of large projects in large companies that
are required to meet US ANSI 748 Guidelines. These are complex tools
to address a complex project or organization. Often these tools
require vendor implementation effort and costs, user training, EVM system
administrators, and per user license fees.
For smaller projects,
smaller organizations, and internal EVM implementations the
commercial EVM software tools may be too expensive and too complex
for these applications.
An MS Excel based
solution virtually eliminates data integration efforts and user
training. There are no per user costs and no software training for
users already familiar with MS Excel.
provides complete, complex, and detailed EVM data analysis.
The power of Excel means the EVM
data can be analyzed with all the tools found in Excel.
EzEVM performs all
the traditional EVM data analysis. Cost Variance, Schedule Variance,
SPI, CPI, EACs. All so last century!
EzEVM also performs
Earned Schedule analysis and estimated completion date, a
statistical (not just mathematical) forecast of best and worst case
final CPI and SPI.
Questionable data is
flagged for review.
"P" factor indicates
if work is being done out of sequence and therefore possibly inducing risk and
analysis shows if a rebaseline may be justified.
How long does it take to implement EVM using EzEVM Templates?
never taken more than a week. In one case EVM was implemented on 3
projects in a week. Its not ANSI 748 but does not preclude ANSI 748.
Good scheduling, budgeting, and cost collection needs to be in
place. We make what you already have work for EVM.
information about the EzEVM template.
paper (no email address required) to learn more, see example
outputs, licensing and pricing information.
Contact us at email@example.com
for more information.