Earned Value Management (EVM) in Zoho Projects is a methodology that measures project performance by comparing the planned value of work scheduled, the earned value of work completed, and the actual cost incurred. EVM produces objective indicators of schedule and cost efficiency that are more reliable than simple percentage-complete estimates.
PV (Planned Value) is the budgeted cost of work scheduled to date. EV (Earned Value) is the budgeted cost of work actually completed. AC (Actual Cost) is the real cost incurred to complete that work. From these three numbers, four key metrics are derived: SV, CV, SPI, and CPI.
EVM is most valuable on large, complex projects where intuitive status reporting is unreliable. Zoho Projects calculates EVM metrics automatically when budgets, estimates, and time logs are maintained accurately.
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