Scorecard for Calculating Earned Value with KPIs

Earned Value Balanced Scorecard KPI - Balanced Scorecard metrics template example 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 SatisfactionTo 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.

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What are the benefits of Earned Value metric:

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More useful information for Financial Estimation

Earned Value Estimation Balanced Scoreboard Screenshots

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of .

This is the actual scorecard with Earned Value Dashboard and performance indicators.

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.

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