What is Earned Value Analysis?
EV is KPIs that measure the Cost and Schedule performance of a project. It’s like a traffic light (green, orange and red), but better.
Here are the main blocks of the EV calculations:
Earned value indicators that are variances or ratios can help you determine if there is enough money left in the budget and if the project will finish on time.
We Want +/0 Variance and >=1 Indicators
Earned Value Little Story
EV = $50
CV = $50 – $100 = -$50
CPI = $50 / $100 = 0.5
SV = $50 – $70 = -$25
SPI = $50 / $75 = 0.67
To View Earned Value in Microsoft Project
- Click on View tab
- In the ‘Data’ section click on Tables
- Choose ‘More Tables’
- Choose one of the Earned Value Tables:
– Earned Value
– Earned Value Cost Indicator
– Earned Value Schedule Indicator
- Hit ‘Apply’