Earned Value Management template (EVM) xls is used for managing and evaluating financial aspects of a project. The budget management aspects are also considered in this template. It compares the costs or expenses to the finances that are available for planning a budget. In this regard, it also considers the timeline and schedule of the budget. This helps you keep track of your finances even after you have finalized and implemented the budget for your personal expenses as well as for your organizational expenses.
Earned Value Management (EVM) Template in Excel xls Format
Earned Value Management template is used for managing and evaluating financial aspects of a project. The budget management aspects are also considered in this template. It compares the costs or expenses to the finances that are available for planning a budget. In this regard, it also considers the timeline and schedule of the budget. This helps you keep track of your finances even after you have finalized and implemented the budget for your personal expenses as well as for your organizational expenses.
Creating an Earned Value Management Template xls
You can create this document easily in Microsoft Excel worksheet. In this regard, you will need to mention some particular details in the worksheet in order to make it budget planning document. For instance, you must mention all your expenses and their details in separate column in the worksheet. You may also mention the nature of these expenses i.e. you should mention whether the expenses have already incurred or will occur in the near future or if they have continuous occurring nature. This implies that you should categorize all your expenses and label the categories in with their name in the Excel worksheet.
Besides expenses, you must also mention all your sources of finances and the amount that each source can give you for your particular budget section. Describe if some finances are only to meet the costs or expenses. Also describe those finances that are for investment purposes. In this regard, the description of each expense and finances must be very brief otherwise the worksheet would give a messy appearance. Arrange your categories of expenses and finances with particular attention. The section of expenses is always different and must appear distinct than the section of finances. This will help you to create a well-manageable and legible EVM document.
(EVM) Template xls in Project Management
This template is also used in project management because it assists the project managers to plan the budget of their project as according the funds that are available for their project. The requirements of a project must meet to the funds that have been allocated for initiation and implementation of that project. The Earned Value Management serves as a budget planning tool and helps the project managers make effective planning for the execution of their project. The costs of the project are estimated and are compared with the funds of the project in the Earned Value Management Document. The project managers, then, decide the need for meeting certain costs or calling for more funds depending upon the amount of project costs and funds available.
Sample of Earned Value Management (EVM) Template xls in Excel
If you have never seen an Earned Value Management document then you can search it on the internet. You can find sample templates of EVM on project management blogs or on similar websites. You may also be able to download the sample EVM templates. If you get sample templates with customizable designs, then you can use them for your own budget planning purposes and can change their design as per your preferences. On the other hand, if you get sample templates with customized designs, then you can directly use them; however, you might not be able to make changes in the design of such templates.