Best Earned Value Management Software

Looking for the best earned value management software? We got you covered. Here are the top 10 tools and their comparison to make sure you pick the right earned value management solution for your needs.

For those looking to get a better understanding of the process itself, check out earned value management examples.

Best Earned Value Management Software Comparison

TeamhoodMicrosoft ProjectEcoSysOracle Primavera4castplusStakePoint Project-PortfolioAres PrismDeltek CobraWrikeTempo Budgets
Project Baseline
Real-time EV calculation
Data Consolidation
KPI Definition
Real-time Reports
Customizable Dashboards
Budget tracking
Project Management Features
Task Management Features
Hybrid project management
Real-time SPI calculation
Free version

1 – Teamhood

earned value management software

Capterra score: 5/5 ⭐⭐⭐⭐⭐

Teamhood is a visual project management tool that allows teams to do both – earned value management analysis and project management in one place.

The Portfolio Overview in Teamhood provides the most important earned value management metrics for all your projects. While further analysis can be done in the Gantt view based on your own needs.

earned value management software

Moreover, your team can use Teamhood to track the daily project progress and manage tasks. Switch from Gantt to Kanban or List views to update task progress, manage workload and create custom dashboards to track what is important to you. Teamhood is an all-around solution.

Pros: Out-of-the-box earned value management analysis and integrated project management features.

Cons: May not be suitable for very large projects.

Price: Free or paid plans starting at 9 user/month.

Website: https://teamhood.com/

2 – Microsoft Project

earned value management software

Capterra score: 4.4/5 ⭐⭐⭐⭐

Microsoft Project is a good earned value management software for those already invested in the Microsoft ecosystem.

It offers earned value management features such as project baseline, data consolidations, and others. As well as various other project management features to be used by the project managers and the team. Microsoft Project is a complex tool that will fit great in the environment that is used to such products.

Pros: A full project management system.

Cons: Lacks visualization and is expensive.

Price: Starting at $55 user/month.

Website: https://www.microsoft.com/

3 – EcoSys

earned value management system

Capterra score: 3.8/5 ⭐⭐⭐⭐

EcoSys is an enterprise project controls software that allows you to analyze earned value.

With this earned value management tool, you will be able to perform a higher-level portfolio analysis. Dig into the specifics for each project and decide on the following steps. The tool’s interface is more data-driven.

Pros: Good Portfolio overview and analysis of multiple projects.

Cons: Lacks project and task management features for the team.

Price: Not provided

Website: https://www.ecosys.net

4 – Oracle Primavera

earned value management software

Capterra score: 4.4/5 ⭐⭐⭐⭐

Oracle Primavera is an enterprise-focused solution that allows you to manage a portfolio of projects.

It is a powerful earned value management software for those that are looking to oversee a large portfolio. Oracle offers a variety of features and integrations that allow for flexibility in what can be done with the tool. However, as such, it is also a more complicated solution that may prove harder to learn for inexperienced users.

Pros: Offers a variety of features to be used by the teams.

Cons: Might be too complicated for average users.

Price: Not provided.

Website: https://www.oracle.com/

5 – 4castplus

earned value management system

Capterra score: 4.5/5 ⭐⭐⭐⭐

4castplus is an earned value management software for those looking to focus more on project cost management.

This tool is great for managing construction projects as it offers features like job site cost tracking, construction estimation, and labor time tracking. While the management can track all of the changes in the automatically generated EVM reports.

Pros: Automated reporting and features for construction companies.

Cons: May prove difficult to use in different industries.

Price: Not provided

Website: https://4castplus.com/

6 – StakePoint Project-Portfolio

earned value management software

Capterra score: Unavailable

StakePoint Project-Portfolio is a Gantt project management tool with earned value management analysis features.

As such, it is best for project managers that like to work in the Gantt environment. Teams can also take advantage of the workload management features, Critical Path Method, and matrix analysis of the projects.

Pros: Variety of analysis features available.

Cons: Constructed to plan and analyze projects, not execute them.

Price: Not provided

Website: https://stakepoint.com

7 – Ares Prism

earned value management software

Capterra score: 4.3/5 ⭐⭐⭐⭐

Ares Prism in an enterprise earned value management software for complex projects.

This tool is great at delivering forecasts, cost control, and measuring the overall performance of your portfolio. Choose this solution for an overview and analysis of the situation.

Pros: Good set of analytical features.

Cons: Lacks daily project management features.

Price: Not provided

Website: https://www.aresprism.com/

8 – Deltek Cobra

earned value management software

Capterra score: 4.1/5 ⭐⭐⭐⭐

Deltek Cobra is an earned value management software focused on data analysis.

Choose this solution for a team that wants to automate data input and draw insights from it. Deltek Cobra will do the analysis for you and let you know which of the projects require attention now.

Pros: Can handle large amounts of data.

Cons: Not very intuitive.

Price: Not provided

Website: https://www.deltek.com/

9 – Wrike

Wrike

Capterra score: 4.2/5 ⭐⭐⭐⭐

Wrike is an earned value management tool for those looking to have a collaborative platform for their projects.

Focused more on collaboration and task management features this tool could be a great choice for those that need minimal earned value management analysis. You will be able to get those metrics by creating custom dashboards, but the main focus of the tool is on collaboration and task management.

Pros: Collaboration and task management features.

Cons: No automatic EVM calculations.

Price: Free for up to 5 users, then starting at $9.80 user/month.

Website: https://www.wrike.com/

10 – Tempo Budgets

earned value management software

Capterra score: 4/5 ⭐⭐⭐⭐

Tempo Budgets is an earned value management add-on for Jira.

Great for teams that already use Jira as their main solution, as it allows to extend the capabilities of the tool with EVM. Use it visualize the project portfolio health, review EVM reports, set the budget baseline, and compare planned vs actual financials.

Pros: Offers a full package of EVM tools.

Cons: Only works as a Jira add-on.

Price: Starting at $5 user/month.

Website: https://www.tempo.io/

Summary

All of the options for the best earned value management software offer certain benefits. If you are looking for a well-rounded option that allows both management and the team to collaborate on projects, Teamhood is your best bet.

  • Automated EV and SPI calculations
  • Project Baseline
  • Data consolidation from multiple projects
  • Real-time reporting
  • Workload management
  • Collaboration
  • Hybrid project management techniques

Register for Teamhood today for free!

Marketing Manager at Teamhood

Passionate content marketer looking to bring better solutions to the project management space.

2020 - Present Marketing specialist at Teamhood.
2014 - 2020 Marketing manager for Eylean.

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