What is PAEV?
PAEV is an enterprise level Earned Value system.
PAEV is a tool that will enable you to track the progress of your program. Every program has phases, or categories that should be monitored separately. Within each of those phases there are many tasks that are assigned to different team members. As each person contributes to the progression of the project, a portion of the project is completed.
In order to determine where you are at on the path towards the end, PAEV breaks down the tasks and determines how much of the entire program each little part is compared to the other little parts.
The concept of "Earned Value" is used as a baseline for the math intenstive calculations that go on in the background. We have made some adjustments to enhance the ability to detect the need for changes in the plan, or knowledge that a cost or schedule overrun is bound to occur.