Best Earned Value Management (EVM) Software Tools

Looking for the best-earned value management software? Look no further. We’ve rounded up the top 10 tools and put them side by side, so you can find the one that’s just right for your project.

Whether you’re an EVM pro or just getting started, our guide has got you covered. We’ll walk you through the process with earned value management examples, showing you how to use EVM to boost performance, stay on schedule, and keep costs in check.

Best Earned Value Management Software Comparison

To begin this comparison, let’s look at the selected tools side by side. In the comparison table below, you can see which features each EVM software offers and make your initial assessment.

	Teamhood	Microsoft Project	EcoSys	Oracle Primavera	4castplus	StakePoint Project-Portfolio	Ares Prism	Deltek Cobra	Wrike	Tempo Budgets
Brand
Capterra Rating	4.9 ⭐⭐⭐⭐⭐	4.4 ⭐⭐⭐⭐	3.8 ⭐⭐⭐⭐	4.4 ⭐⭐⭐⭐	4.5 ⭐⭐⭐⭐	N/A	4.3 ⭐⭐⭐⭐	4.1 ⭐⭐⭐⭐	4.2 ⭐⭐⭐⭐	4 ⭐⭐⭐⭐
Free Plan	Yes, Try Now	No	No	No	No	No	No	No	Yes	No
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	✅ (unlimited users)								✅

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Now that you are familiar with the tools in this comparison and which features they offer, let’s take a deeper look into each of them.

1. Teamhood

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. Based on your needs, further analysis can be done in the Gantt view.

Moreover, your team can use Teamhood to track the daily progress of projects 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 EVM analysis and integrated project management features.

Cons: 

• May not be suitable for very large projects.

Price: Free for unlimited users, paid plans starting at €9 per user/month.

Website: https://teamhood.com/

2. Microsoft Project

Capterra score: 4.4/5 ⭐⭐⭐⭐

Microsoft Project is a good EVM 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 for such products.

Pros: 

• A full project management system.

Cons: 

• Lacks visualization
• Expensive

Price: Starting at $55 per user/month.

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

3. EcoSys

Capterra score: 3.8/5 ⭐⭐⭐⭐

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

You can perform a higher-level portfolio analysis with this earned value management tool. You can investigate each project’s specifics 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

Capterra score: 4.4/5 ⭐⭐⭐⭐

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

Oracle is powerful EVM software for overseeing a large portfolio. It 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

Capterra score: 4.5/5 ⭐⭐⭐⭐

4castplus is an earned value management software for those focusing more on project cost management.

This tool is great for managing construction projects, offering features like job site cost tracking, construction estimation, and labor time tracking. 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

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 who 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: 

• A variety of analysis features are available

Cons: 

• Constructed to plan and analyze projects, not execute them

Price: Not provided

Website: https://stakepoint.com

7. Ares Prism

Capterra score: 4.3/5 ⭐⭐⭐⭐

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

This tool is excellent 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: 

• A good set of analytical features

Cons: 

• Lacks daily project management features

Price: Not provided

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

8. Deltek Cobra

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 analyze 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

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 suite
• Task management features

Cons: 

• No automatic EVM calculations

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

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

10. Tempo Budgets

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 to 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 per user/month.

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

EVM Tools 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

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