What is Earned Value Analysis?

žEV is KPIs that measure the Cost and Schedule performance of a project. žIt’s like a traffic light (green, orange and red), but better.
Here are the main blocks of the EV calculations:

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So What?

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

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Earned Value Little Story

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Earned_Value_2

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

  1. žClick on View tab
  2. žIn the ‘Data’ section click on Tables
  3. žChoose ‘More Tables’
  4. žChoose one of the Earned Value Tables:
    –  Earned Value
    –  Earned Value Cost Indicator
    –  Earned Value Schedule Indicator
  5. Hit ‘Apply’

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