Best Earned Value Management (EVM) Software Tools (2024)

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 this post on earned value management examples.

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 earned value management software offers and make your initial assessment.

Now that you are familiar with the tools in this comparison as well as 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. While further analysis can be done in the Gantt view based on your own needs.

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 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 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 for such products.

Pros:

• A full project management system.

Cons:

• Lacks visualization
• Expensive

Price: Starting at $55per user/month.

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

3 – EcoSys

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

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

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

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:

• 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 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:

• 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 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

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 $9.80per 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 $5per 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