Project Budget

Earned Value Management Free Template

We offer a project management template that objectively measures a project's performance index and progress. Free of charge, the solution represents a convenient addition to earned value management systems for businesses of any size.

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Download the free template in Excel format.
The template is ready for immediate use for your project.

Earned Value Management Free Template

What is earned value management in a project?

Earned value management is a technique that helps you track a project's performance (both budget- and schedule-wise). With a free EVM template, you will be able to calculate the projected budget and schedule at the beginning or any time during project development.

Filling out the template after each development iteration makes it possible to evaluate budget variance per each feature, evaluate cost performance index, and enhance the projected timeline.

How to use the free earned value management template?

At any moment, you can see both projected costs and schedule to compare it with your projection.

01. Discuss

Before starting the project, structure its scope and get a detailed estimation by your development team.

02. Put

Put the functional scope and number of hours required to implement it. You need to fill separate lines for all project activities (e,g, Business Analysis, QA, etc.).

03. Add

Add efforts and materials costs to each line in the table.

04. Set

Set a start date for the first feature. After that, all other features will be calculated.

05. Update

Update real performance with actual efforts and costs. Also, indicate the percentage of completeness for each feature. You should update these values on a scheduled basis (preferably on a weekly one).

Budget
Efforts, h
Cost, $
Planned Start Date
Planned Finish Date
Actual Cost
Efforts, h
Cost, $
% Complete
Login
8
400,00
3 Jan 2021
4 Jan 2021
8
400,00
100%
Reset password
4
200,00
5 Jan 2021
5 Jan 2021
6
300,00
100%
Registration wizard
16
800,00
6 Jan 2021
8 Jan 2021
14
700,00
100%
Location Component
16
800,00
9 Jan 2021
12 Jan 2021
17
850,00
85%
List Component
4
200,00
13 Jan 2021
13 Jan 2021
6,5
325,00
100%
Notifications
8
400,00
14 Jan 2021
15 Jan 2021
7,5
375,00
100%
Business analysis
48
2 400,00
1 Jan 2021
29 Jan 2021
42
2 100,00
100%

Earned Value Management Example

A picture worth a thousand words. Discover how the template works by downloading this Earned Value Management Example based on our Fleet Management template. With this Excel file filled with actual numbers, it's easier to realize the basic principle behind the solution.

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EVM template

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EVM example

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Earned Value Management Templates 2 in 1

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