Earned Value Balanced Scorecard Metrics
Amongst the several techniques that are today in vogue in the field of project management, earned value management comes across as one of the most popular and widely used concepts when it comes to keeping a track on profitability of the project. The technique can used to assist a company to monitor & access the progress in the delivery of the project keeping in mind the budgetary and costing parameters. When this technique is clubbed with KPIs, it becomes a very effective tool for managing complex projects. The KPIs in earned value management can be broadly grouped under ‘Financial Perspective’, ‘Project costing’, ‘Performance Index’, ‘Customer Satisfaction
To start with, KPIs under Financial Perspective can include metrics like ‘Profitability percentage’, ‘Budget of Project Execution’, ‘Earned revenue’, and ‘Cost of work performed’.
Going forward, Project Costing can compromise of metrics like ‘Actual cost of project over planned cost’, ‘Estimated cost of project’, ‘Cost Performance Index’ and ‘Cost Schedule Index’.
Next Performance Index can be determined by metrics like ‘Return on investment to customer’, ‘Return to company’, ‘Schedule Performance Index’ and ‘Cost Variance’.
When it comes to Customer Satisfaction metrics like ‘Quality of project’, ‘Customer feedback’, ‘Customer satisfaction index’ , ‘Customer Perspective’ can be considered.
Earned Value KPI in Excel:
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Download trial version of
Earned Value Dashboard.
Earned Value Estimation Balanced Scoreboard is distributed
as an Excel file. Before purchase you can download a
trial version of the scorecard.
Earned Value Estimation Balanced Scoreboard Excel file
contains a dashboard (see screenshots below), help information
section, Balanced Scorecard details.
- Purchase full version of
Earned Value Dashboard. Immediately after your order will be processed you
will have a link to download Balanced Scorecard (BSC) Excel file and file
in
Balanced Scorecard Designer format.
- Use Earned Value scorecard online with BSC Designer Online system. This SaaS solutions provides world-wide access to scorecards with any web-browser.
- It is necessary to start the design of KPIs with analysis of business problems, use Free SWOT Method Guide to perform this analysis. Check Balanced Scorecard Toolkit for scorecard designing instructions,
download Key Risk Indicators (KRI) Toolkit for risk management.
More useful information for Financial Estimation:
Business Intelligence (BI) for Financial - measure performance with Earned Value Scorecard for Excel
We have designed Earned Value Balanced Scorecard (BSC) in MS
Excel, so now you can measure and control your performance using this popular
business tool. Download
trial
version right now.
Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Financial.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Earned Value scorecard to align business performance.
Why do I need these metrics?
MS Excel files that we distribute are a
spreadsheets packed with metrics information and the performance
calculation formulas.
It's a real-business information. We
invested in research that involved experts from Financial Evaluation industry who elaborated and shared certain metrics.
It's valuable, real-life experience which will help to improve the performance of your business.
I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.
Earned Value Estimation Balanced Scoreboard Screenshots

Metrics for Financial Estimation. This is the actual scorecard with Earned Value Dashboard and performance indicators.
The performance indicators include: earned value management,financial perspective,profitability percentage,budget of project execution,earned revenue,cost of work performed,project costing,actual cost of project over planned cost,estimated cost of project,cost performance index,cost schedule index ,performance index,return on investment to customer,return to company,schedule performance index,cost variance,customer satisfaction,quality of project,customer feedback,customer satisfaction index,customer perspective.
These indicators can be converted from text into the visualized view with BSC
Designer
strategy map function. Right now you can download trial version of Earned Value Dashboard or purchase full version of this Balanced Scorecard.
Also, it is possible to import this scorecard into web-based balanced scorecard (BSC) software - BSC Designer Online, so it will be accessible to you and your employees with any web-browser. |
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Some Balanced Scorecard help information that explains how to interpret scorecard.
What scores and weights can be changed. |
Download or purchase Earned Value Estimation Balanced ScoreboardRight now you can download a trial version
of Earned Value Estimation Balanced Scoreboard or purchase a
full version online. Also, if you are interested you can subscribe to our
e-course that helps a lot with Balanced Scorecard design.
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