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- Earned Value Management Matrix
Earned Value Management Matrix
The Earned Value Management (EVM) Matrix is a project management tool used to measure project performance and progress in an objective manner. It integrates project scope, schedule, and cost variables to provide a comprehensive view of project health. The matrix helps in identifying variances in project performance and facilitates corrective actions.
At a very high level, the Earned Value Management Matrix is used in the context of business, project management, finance.
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- Organizational Resilience-Value Matrix
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- Partner Selection Matrix
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- People Capability Maturity Matrix
- Perception-Positioning Matrix
- Performance and Potential Matrix
- Performance Appraisal Matrix
- Performance Feedback Matrix
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- Portfolio Analysis Matrix
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- Product Adoption Matrix
- Product Costing Matrix
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- Product Differentiation Matrix
- Product Feature Matrix
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- Product Feature-Value Matrix
- Product Launch-Performance Matrix
- Product Life Cycle Matrix
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- Product Positioning Matrix
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- Product-Market Matrix
- Product-Market-Technology Matrix
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- Productivity Improvement Matrix
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- Quadrant Analysis
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- Service Performance-Value Matrix
- Service Profit Chain Matrix
- Service Quality Matrix
- Service-Value-Complexity Matrix
- Six Sigma DMAIC Matrix
- Six Thinking Hats Matrix
- Skill Gap Matrix
- Skill-Will Matrix
- Skills Assessment-Development Matrix
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- Skills Management-Performance Alignment Matrix
- Skills Management-Value Matrix
- Social Capital-Value Matrix
- Social Impact Assessment Matrix
- Social Media Analytics Matrix
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- Social Media Engagement Matrix
- Social Media Listening-Value Matrix
- Social Media Marketing Matrix
- Social Media Strategy Matrix
- Social Network Analysis Matrix
- Social Responsibility Maturity Matrix
- Social Responsibility-Performance Matrix
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- Social Responsibility-Value Matrix
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- Social Responsibility-Value Stream Alignment Matrix
- Software Development Capability-Value Matrix
- Software Development Lifecycle Matrix
- Software Development Maturity Matrix
- Software Performance-Value Matrix
- Software Quality Matrix
- Software Quality Maturity Matrix
- Software Testing Capability-Value Matrix
- Software Testing Maturity Matrix
- Software-Value-Complexity Matrix
- Solution Design Matrix
- Solution Scalability Matrix
- Sponsorship Marketing Matrix
- Staffing Matrix
- Stakeholder Analysis Grid
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- Stakeholder Prioritization Matrix
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- Startup Financial Plan Matrix
- Store Atmosphere-Consumer Perception Matrix
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- Strategic Business Unit (SBU) Matrix
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- Strategic Capability-Value Matrix
- Strategic Capability-Value Proposition Alignment Matrix
- Strategic Capability-Value Proposition-Value Chain Alignment Matrix
- Strategic Capability-Value Stream Alignment Matrix
- Strategic Capability-Value Stream-Value Proposition Alignment Matrix
- Strategic Maturity Matrix
- Strategic Option Matrix
- Strategic Performance-Value Alignment Matrix
- Strategic Performance-Value Chain Alignment Matrix
- Strategic Performance-Value Matrix
- Strategic Performance-Value Proposition-Value Chain Alignment Matrix
- Strategic Performance-Value Stream-Value Chain Alignment Matrix
- Strategy Culture Matrix
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- Strategy Map
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- Supply Chain Analysis Matrix
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- Supply Chain Complexity Matrix
- Supply Chain Efficiency Matrix
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- Supply Chain Optimization-Value Alignment Matrix
- Supply Chain Performance-Value Matrix
- Supply Chain Risk Matrix
- Supply Chain Risk-Performance Matrix
- Supply Chain Risk-Value Matrix
- Supply Chain Visibility Matrix
- Supply Chain Visibility-Cost Matrix
- Sustainability Performance-Value Chain Alignment Matrix
- Sustainability Performance-Value Matrix
- Sustainability Performance-Value Proposition Alignment Matrix
- SWOT Analysis Matrix for Marketing
- SWOT-Gap Matrix
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- System Development Capability-Value Matrix
- System Development Maturity Matrix
- System Performance-Value Matrix
- Systems Engineering Capability-Value Matrix
- Systems Engineering Maturity Matrix
- Talent Acquisition-Performance Matrix
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- Talent Development Matrix
- Talent Development-Performance Matrix
- Talent Management Capability-Value Alignment Matrix
- Talent Management Matrix
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- Talent Performance-Value Matrix
- Talent Pool Matrix
- Talent Review Matrix
- Talent-Value-Complexity Matrix
- Target Market Matrix
- Technology Adoption Lifecycle
- Technology Assessment Matrix
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- Technology Capability Matrix
- Technology Capability Maturity Assessment-Value Matrix
- Technology Capability Maturity Model
- Technology Capability-Value Alignment Matrix
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- Technology Evaluation Matrix
- Technology Innovation Matrix
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- Technology Innovation-Value Proposition Alignment Matrix
- Technology Innovation-Value Stream Alignment Matrix
- Technology Maturity Matrix
- Technology Maturity-Value Matrix
- Technology Performance-Value Alignment Matrix
- Technology Performance-Value Matrix
- Technology Platform Matrix
- Technology Risk-Opportunity Matrix
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- Technology Roadmap Matrix
- Technology Strategy Matrix
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- Technology-Value-Complexity Matrix
- Test Matrix
- The 7 Habits of Highly Effective People
- The Impact-Effort Matrix
- Time Management Matrix
- Time Value of Money Matrix
- Time-Performance-Value Matrix
- Total Cost of Ownership-Value Alignment Matrix
- Total Cost of Quality-Value Alignment Matrix
- Total Quality Management Matrix
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- Total Value Matrix
- TOWS Analysis Matrix
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- Training Capability-Value Matrix
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- Training Evaluation Matrix
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- Training Needs Assessment Matrix
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- Training Needs-Performance Alignment Matrix
- Training Performance-Value Matrix
- Training-Value-Complexity Matrix
- Transition Capability-Value Matrix
- Transition Maturity Matrix
- User Experience Matrix
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- User Experience-Value Stream Alignment Matrix
- User Needs-Value Proposition Alignment Matrix
- User Research-Value Proposition Alignment Matrix
- Value Chain Analysis
- Value Chain Analysis Matrix
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- Value Creation Matrix
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- Value Proposition Canvas
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- Value Stream Mapping Capability Maturity Matrix
- Value Stream Mapping Matrix
- Value-Based Pricing Matrix
- Vendor Evaluation Matrix
- Vendor Management-Performance Matrix
- Vendor Performance-Cost Matrix
- Vendor Performance-Value Alignment Matrix
- Vendor Risk Matrix
- Vendor Risk-Cost Matrix
- Vendor Risk-Performance Alignment Matrix
- Viral Marketing Matrix
- Voice of Customer Matrix
- Website Traffic-Conversion Matrix
- Work Breakdown Structure (WBS)
- Workforce Capability Development-Performance Alignment Matrix
- Workforce Capability Development-Value Alignment Matrix
- Workforce Capability-Performance Matrix
- Workforce Capability-Value Alignment Matrix
- Workforce Development-Performance Alignment Matrix
- Workforce Development-Value Matrix
- Workforce Development-Value Proposition Alignment Matrix
- Workforce Performance-Value Chain Alignment Matrix
- Workforce Performance-Value Proposition-Value Chain Alignment Matrix
- Workforce Performance-Value Stream Alignment Matrix
- Workforce Skill Development Matrix
- YouTube Marketing Matrix
What is the Earned Value Management Matrix?
A visual explanation is shown in the image above. The Earned Value Management Matrix can be described as a matrix with the following quadrants:
- Under Budget, Ahead of Schedule: Projects that are both under budget and ahead of schedule, e.g., a software development project completed at 90% of the budget in 80% of the planned time.
- Over Budget, Ahead of Schedule: Projects that are over budget but ahead of schedule, e.g., a construction project costing 110% of the budget but completed in 90% of the planned time.
- Under Budget, Behind Schedule: Projects that are under budget but behind schedule, e.g., a marketing campaign costing 85% of the budget but taking 120% of the planned time.
- Over Budget, Behind Schedule: Projects that are both over budget and behind schedule, e.g., an IT infrastructure upgrade costing 130% of the budget and taking 150% of the planned time.
What is the purpose of the Earned Value Management Matrix?
The Earned Value Management (EVM) Matrix is a critical tool in project management that allows project managers to assess the performance and progress of their projects. By integrating key project variables such as scope, schedule, and cost, the EVM Matrix provides a holistic view of project health. This matrix is particularly useful for identifying variances between planned and actual performance, enabling project managers to take timely corrective actions.
In the EVM Matrix, the top-left quadrant represents projects that are both under budget and ahead of schedule, indicating optimal performance. The top-right quadrant shows projects that are over budget but ahead of schedule, suggesting that while the project is progressing faster than planned, it is costing more than anticipated. The bottom-left quadrant represents projects that are under budget but behind schedule, indicating cost efficiency but delays in progress. Finally, the bottom-right quadrant shows projects that are both over budget and behind schedule, signaling significant issues that need immediate attention.
Use cases for the EVM Matrix include monitoring ongoing projects, forecasting future performance, and making informed decisions on resource allocation. For instance, a project manager can use the matrix to identify which projects require additional resources to get back on track or which ones are performing well and may not need further intervention.
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What templates are related to Earned Value Management Matrix?
The following templates can also be categorized as business, project management, finance and are therefore related to Earned Value Management Matrix: Product-Market Matrix, 4 Ps Marketing Mix Matrix, AI Capability-Value Proposition Alignment Matrix, AI Innovation-Value Alignment Matrix, AI Maturity Matrix, AI-Value Proposition Alignment Matrix, AI-Value Proposition Matrix, AIDA Marketing Matrix. You can browse them using the menu above.
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