The graph shows the Planned Value (PV), Earned Value (EV), and Actual Cost (AC) of a project over time. The PV is the planned cost of the project, the EV is the actual cost of the work that has been completed, and the AC is the actual cost of the work that has been completed. The PV is always increasing because the project is always getting closer to completion. The EV is also increasing, but at a slower rate than the PV because the project is not always completed on time. The AC is increasing at a steady rate because the project is always costing money.

A Beginner’s Guide to Understanding Earned Value Management

Learn the fundamentals of Earned Value Management (EVM) and discover how it provides a powerful tool for project managers to measure progress and make informed adjustments.

Earned Value Management (3 of 3) EVM Reporting and EVM Agile

3 of 3: Earned Value Management – EVM Reporting & EVM Agile

Reporting for EVM metrics with MSP, metrics and project health and other reporting mechanisms that you'll encounter.

Using MSP to track earned value

2 of 3: Earned Value Management – Using Microsoft Project to Track Earned Value

How to setup and use Microsoft Project to track EVM, EVM metrics, Project Schedule that will track EVM and how to measure EVM with Project

Earned Value Management 1 of 3

1 of 3: Earned Value Management

Earned Value Management or EVM is standardized method used by project managers

Top Frustration #1: The Earned Value Analysis Problem

We recently ran a survey asking you to share your biggest frustration with available project management tools. As you can imagine, we’ve gotten some interesting results. One user responded and told us...

Earned Value Management (EVM) in Agile Development

In this article, we are going to explore Earned Value Management (EVM), a widely used traditional management technique, but we are going to look at it within the context of an Agile domain. Let’s cons...

Earned Schedule Management (ESM)

Imagine the following scenario. You are working on a software implementation project, which has 10 modules to complete. The cost of each module is US$100,000, and you want to complete the project in 1...

Getting Earned Value Metrics from Microsoft Project

You may snicker to think that Microsoft Project can serve as a tool for producing earned value metrics. After all, there are highly complex, dedicated products that perform this job. In this article I...

5 Things to Know about Microsoft Project Baselines

The baseline — whether it be about the schedule, the budget, or the scope — is essential in projects. Without it, you have no way to measure the performance of your work. But there may be ...

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