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AboutEARNED VALUE MANAGEMENT SOFTWARE
Anticipate Productivity Risks.
Take Corrective Action.
- Real-Time Insights For Timely Decision-Making
4castplus EVM gives you real-time performance insights, empowering your project teams with early predictive indicators to ensure success.
Make informed, timely decisions with detailed metrics that help pinpoint potential issues before they escalate, enabling corrective actions to keep your projects on track, on budget, and on schedule.
"4castplus Plays A Critical Role In Our Project Delivery."
“It provides a real-time view of where a project is at, along with the transactions to back it up…we don’t want any surprises and neither do our clients. “
Fluid Quip
EVM Trending, Analytics and Reporting
Early warning system
4castplus EVM provides key reporting to identify productivity issues early on; providing project managers with good information to take timely, corrective action.
EVM by cost, revenue and hours
With 4castplus, you can report EVM metrics by cost, revenue and hours, providing flexibility in status reporting for internal and external stakeholders, along with clients. In addition to timeline charts like S-Curves and Spend Forecasts, you can also build customized reports that are tailored to exactly how you want to present your project’s EVM health.
Accurate Progress Measurements
Know where you’re at to know where you’re going
The underlying data that is used to calculate EVM data is rooted in measurements of project progress. 4castplus makes it easy for any company to be able to understand how much they have accomplished to date on a project and how much is remaining.
Let the system do the heavy lifting
Accurately measuring project progress requires the system to crunch through a tremendous amount of data. 4castplus is rich with robust algorithms for gathering the data and accurately calculating progress.
Project management with the lights on
The PMI refers to EVM as “project management with the lights on,” as it enables critical reporting to deliver deep visibility and rich reporting on all levels of the project. With 4castplus, earned value management isn’t difficult or time-consuming. Organizations small and large can put together an EVM strategy with 4castplus that meets the needs of their business and the complexity of their projects. Robust reporting at all project levels is available in a single click to analyze project performance. Key metrics such as cost and schedule variance (CV, SV), planned value (PV), estimate to complete (ETC), estimate at complete (EAC), CPI, SPI, TCPI, and more are all continuously tracked and trended.
- Frequently Asked Questions
Without real-time insights into project performance, teams may overlook early warning signs of budget overruns and schedule slippage. 4castplus EVM provides continuous tracking of budget, cost and schedule variance, allowing project teams to take timely corrective action.
EVM helps in many ways, but one key improvement is that it provides early indicators of issues on your project that you may have otherwise not noticed. Issues that often lead to major problems when not corrected early on. EVM also introduces key new processes that require more rigorous data capture across the project. With more thorough information and better quality data, the system can perform key formulas that lead to better analysis of productivity and project performance
Yes, 4castplus provides both Estimate to Complete (ETC) as well as Forecast to Complete (FTC). ETC is calculated using historical performance, but FTC is a way to override ETC by applying user-driven predictive forecasting. That means that the project controls team can input remaining amounts and forward-looking projections to derive FTC. For more information on this, please read this article: What’s the Difference Between Estimate To Complete & Forecast To Complete
Answer: 4castplus tracks essential earned value metrics, including:
– Earned Value (EV)
– Actual Cost (AC)
– Planned Value (PV)
– Cost Variance (CV)
– Schedule Variance (SV),
– Cost Performance Index (CPI)
– Schedule Performance Index (SPI)
– To complete CPI (TCPI)
– Estimate to Complete (ETC)
– Estimate at Completion (EAC)
These metrics are reported at all levels of the project WBS hierarchy and rolled up to the project as a whole. These metrics help teams analyze project health in real time.
EVM requires 3 main data inputs: Budgeted Cost (BAC), Actual Cost (AC) and Percent Complete (PC). This means that each activity on the project needs these three data points for the system to calculate the EVM metrics. What’s very important is that these data points need to be aligned to a point in time. Which means that the budget needs to be merged with schedule to achieve Planned Value (PV). This will show the cash flow plan (on a timeline) to any point in time. 4castplus provides all the tools to achieve this capability.
4castplus includes a comprehensive Progress Measurement module that enables you to set up progress methods that calculate percent complete in real-time for each activity on the work breakdown structure. Progress methods can either be automated, or you can also elect to input them manually, or import them if they’re calculated in another tool. Progress measurements are designed to be iterative in that they are input in incremental periods throughout the project.
Advanced progress measurements
Real-time EVM analytics
Built-in EVM reports, charts and metrics
Timeline curves and trend analysis
Benchmark reporting for comparisons
EVMS, AACE, SOC-1 certified
Advanced progress measurements
Real-time EVM analytics
Built-in EVM reports, charts & metrics
Timeline curves & trend analysis
Benchmark reporting for comparisons
EVMS, AACE, SOC-1 certified