# Earned Value Management (EVM) Time Tracking

> A project management methodology that integrates time tracking with budget and schedule data to measure project performance by comparing planned value, earned value, and actual costs, providing early warning indicators of schedule or cost overruns through metrics like Schedule Performance Index (SPI) and Cost Performance Index (CPI).

- **URL:** https://www.deltek.com/en/government-contracting/guide/dcaa/timekeeping
- **Category:** Time Tracking Analytics
- **Tags:** Project Management, Metrics, Government Contracting
- **Updated:** 2026-03-20 19:58
- **Canonical page:** https://timetrack.works/vi/items/earned-value-management-evm-time-tracking

## Details

## Overview

Earned Value Management integrates time tracking, cost accounting, and schedule management to provide objective performance measurement, commonly required for government contracts and large projects.

## Core Metrics

### Planned Value (PV)
Budgeted cost of work scheduled to be completed by a specific date.

### Earned Value (EV)
Budgeted cost of work actually completed.

### Actual Cost (AC)
Actual cost incurred for completed work (from time tracking × labor rates).

## Key Performance Indicators

**Schedule Performance Index (SPI)**:
- SPI = EV / PV
- SPI > 1.0: Ahead of schedule
- SPI < 1.0: Behind schedule

**Cost Performance Index (CPI)**:
- CPI = EV / AC
- CPI > 1.0: Under budget
- CPI < 1.0: Over budget

## Time Tracking Requirements

EVM requires:
- Accurate daily time tracking
- Proper allocation to work packages
- Consistent labor rate application
- Regular progress updates
- Baseline schedule maintenance

## Benefits

- Early detection of problems
- Objective performance measurement
- Forecast project completion
- Support change order justification
- Meet government contract requirements

## Pricing

N/A - This is a project management methodology.

---

_This Markdown mirror is generated by Ever Works for AI agents. The canonical HTML page is at https://timetrack.works/vi/items/earned-value-management-evm-time-tracking._